Maryland 1031 Exchange Explained

Maryland 1031 Exchange Explained

Internal Revenue Code provides that no gain or loss will be recognized on the exchange of any type of business use or investment maryland income property for any other business use or investment maryland income property. This means that a maryland 1031 exchange is a rollover of equity of like maryland income properties, rather than an avoidance of tax and allows for the transaction to take place with full tax benefits attached. The theory behind internal revenue code is to allow the maryland property investor to reinvest the sale proceeds into another maryland income property, foregoing any economic gains that may have been realized from the sale. If you have recently sold, or are thinking of selling investment maryland income property, we can assist in matching you with a qualified maryland 1031 broker. A maryland 1031 broker can help you explore your maryland 1031 exchange options. Contact us today for a free consultation.

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