1031 Exchanges With Joe Hampton

Do you have properties you'd like to sell but want to avoid or defer capital gains taxes on the sale? Consider a 1031 Exchange: Replace those properties with new, similar investments.

According to the IRS: "IRC Section 1031 provides an exception and allows you to postpone paying tax on the gain if you reinvest the proceeds in similar property as part of a qualifying like-kind exchange. Gain deferred in a like-kind exchange under IRC Section 1031 is tax-deferred, but it is not tax-free."

Come to the July 26 meeting to learn the ins and outs from someone who's got a handle on the process: KREIA past president Joe Hampton.

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