A 1031 Exchange, also known as a Section 1031 Exchange or a Like-Kind Exchange, is a portion of the US tax code that enables real estate investors to defer or postpone paying capital gain taxes following the sale of a business or investment property provided the proceeds are reinvested in a similar property under a like-kind exchange. These gains deferred under IRC Section 1031 are tax-deferred, and not to be confused with being tax-free.

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