Understanding Real Estate

Tax-Deferred Exchanges

A Layman's Guide to Section 1031 of the Internal Revenue Code

By ALBERT J. VELARDE, M.A., J.D.

Includes 1991 IRS Regulations © Copyright 1991, 1994, 1996 Albert J. Velarde

LEGAL & ETHICAL

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Tax-deferred real estate exchanges are legal and ethical. Internal Revenue Code Section 1031 has been in existence since 1928. The IRS has even established "recent" guidelines for accomplishing tax-deferred exchanges! The purpose for this law has been to encourage real estate sales nationwide which, in turn, supports our entire economy.

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Copyright © 1996, Albert J. Velarde (All Rights Reserved).
Revised 9/10/06