Many savvy investors utilize the power of 1031 exchanges to defer their capital gains tax and reinvest that money into new property. The 1031 exchange was implemented by the US government to spur investment and encourage economic growth. It is a completely legal way to defer your capital gains taxes.

1031 Exchange Defined

A 1031 exchange involves selling a property and taking the sales proceeds and reinvesting them into another property, rather than pocket the net proceeds and take a tax hit. This video outlines the basic elements of a 1031 exchange:

Give us a call today to learn more about how you can safe money with a Kansas 1031 Exchange – 877.373.1031.