North Carolina 1031 Exchange Explained
North Carolina 1031 Exchange Explained
Internal Revenue Code provides that no gain or loss will be recognized on the exchange of any type of business use or investment
north carolina income property for any other business use or investment north carolina income property. This means that a
north carolina 1031 exchange is a rollover of equity of like north carolina income properties, rather than an avoidance of tax and allows for the transaction to take place with full tax benefits attached. North Carolina 1031 Exchanges are typical sales and purchases that involve the same exact ingredients as any other sale or purchase, without the capital gains. The only real difference is the
north carolina property investor is increasing his or her selling and buying power by electing to rollover their investment into another like kind 1031 north carolina property. No other aspects of the transaction are affected.
Contact us if you are interested in retaining the wealth of your
north carolina income property investment and we will match you with a qualified
north carolina 1031 advisor in your area.