1031 Exchange: Saving Money With Real Estate Investment Property

Added February 20, 2009 by Ilyce R. Glink

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Summary: Understanding 1031 exchanges and how they work with investment property can save you a lot of money. In some cases, you can save more than $10,000 in taxes if you use a 1031 exchange when selling investment property.

Q: Just wanted to thank you for saving me a lot of money. Last year I heard you on the Clark Howard show here in Atlanta talking about 1031 exchanges for rental property. I found a local intermediary and saved over $10K in taxes. Had a little difficulty when it came tax time, because several tax prepares were not familiar with exchanges. But all worked out.

A: I'm thrilled to have helped you save some serious money. I wish you the best with your investment real estate.

Jan. 1, 2004.

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