When you’re learning about something new, it’s easy to feel overwhelmed by the sheer amount of relevant information available. This informative article should help you focus on the central points.

The Section 1031 Exchange of Internal Revenue Service (IRS), also known as Starker Exchange or Tax-Deferred Exchange, clearly states that there are no gains and losses incur on exchange of like-kind property. Without gains or losses, the exchange of property defers the tax. Like-kind property means same nature or character. And, the property for exchange must be used for business or investment purpose in order to qualify.The qualified property includes apartments, rental houses, retail…

Now might be a good time to write down the main points covered above. The act of putting it down on paper will help you remember what’s important about apartments.

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