California 1031 Exchange Explained

California 1031 Exchange Explained

The internal revenue code or california 1031 exchange is an effective tax deferral strategy available to taxpayers. This code allows for a rollover of equity of like california rental properties, through a california 1031 exchange, to take place without requiring the payment of capital gains taxes on the initial investment. More importantly, completing a california 1031 exchange with a tenants in common interest ownership in a california rental property allows california property owners not only to defer their capital gains taxes, but also to upgrade their california rental property investment into larger, institutional-grade california rental properties.

If you recently sold an investment california rental property or you're considering selling, we can match you with a california 1031 advisor that can help you explore your california 1031 exchange options. Contact us today for a free consultation.