1031 Exchange

A good tax resource will detail how to take advantage of the tax-deferring opportunities that arise when making exchanges (the swapping of property items or property interests between owners and others where very little money changes hands). Section 1031 exchanges including partial 1031 exchanges and multiparty 1031 exchanges, are a popular method of legal tax avoidance. If you haven't heard of 1031 exchanges or never used them, you need to consider whether they make sense for your situation.