Are you getting ready to sell a property and buy another? You can defer capital gains taxes on property by taking advantage of a 1031 tax-deferred exchange, also called a like-kind exchange. The Law Office of Angle, Rupp & Rupp will walk you through the process and explain how to minimize your taxes and save you money by taking advantage of a 1031 Tax-Deferred Exchange.
We will discuss the criteria for tax-deferred treatment under a 1031 Exchange and complete all the necessary paperwork for you. Contact Angle, Rupp & Rupp Attorneys at Law today to schedule a consultation with a real estate attorney in Boone, NC.
When you're selling an investment property and want to avoid paying substantial capital gains tax, you can defer capital gains taxes on property by taking advantage of a 1031 tax-deferred exchange. It's important to note that: