What is a 1031 Exchange?
Learn more about the definition of a 1031 Exchange, who can qualify for this type of transaction, and how you can prepare a 1031 Exchange in your SoftPro software.
At first glance, a 1031 Exchange might seem daunting. Doesn’t it deal with the tax code? It may sound complicated and like it may involve a lot of forms. But the concept behind the popular investment strategy is relatively simple: in qualifying situations, it allows an investor to sell their property and defer taxes associated with the sale as long as they purchase a new property at an equal or greater value.
Download our free e-book to learn:
- The definition of a 1031 Exchange
- Who can qualify for a 1031 Exchange
- Rules and processes behind 1031 Exchanges
- How to transact a 1031 Exchange with SoftPro, with step-by-step instructions
