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What is a 1033-tax deferred exchange and how can I benefit?

For Commercial Real Estate… What is a 1033-tax deferred exchange and how can I benefit? A 1033- tax deferred exchange is similar to a 1031 tax deferred exchange in that you are deferring your capital gains tax that is owed if you cash out of the property. The major differences are 1) a government entity takes your property through Eminent Domain, 2) the time you have to identify a new property, and 3) the time to close on that new property. #cre #commercialrealestate #marcperlofgroup

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