Wyoming 1031 Exchange Explained




Wyoming 1031 Exchange Explained

A tax-deferred exchange is a method by which a wyoming real estate investor trades one or more relinquished wyoming properties for one or more replacement wyoming properties of like-kind, while deferring the payment of federal income taxes and some state taxes on the transaction. In turn, IRS 1031 tax code provides that no gain or loss shall be recognized on the exchange of wyoming property held for productive use in a trade or business. The theory behind IRS 1031 tax code is to allow the wyoming real estate investor to reinvest the sale proceeds into another wyoming property, foregoing any economic gains that may have been realized from the sale. If you have recently sold, or are thinking of selling investment wyoming property, we can assist in matching you with a qualified wyoming 1031 broker. A wyoming 1031 broker can help you explore your wyoming 1031 exchange options. Contact us today for a free consultation.


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