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Background on 1031 Exchange? Phoenix American
by Phoenix American Fund AccountantIn the last 10 years, like-kind exchanges have accounted for 10-20% of all commercial real estate transactions. Like-kind created 100 years ago with the goal of aiding farmers to help them reorganize and improve their properties, combine acreage, acquire superior land, and lessen environmental impacts. One may dispose of an asset and use the proceeds to acquire a similar one of equal or greater value. In doing so, capital gain and depreciation recapture taxes may be deferred.
When an investor uses the like-kind exchange, they…
- Make larger investments
- Generate more opportunities within a sector
Contact Details:
sales@phxa.com
415-485-4500
2401 Kerner Blvd, San Rafael, CA 94901, United States
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About Phoenix American 
Fund Accountant
0 connections, 0 recommendations, 34 honor points.Joined APSense since, April 23rd, 2020, From San Rafael, United States.
Created on Jul 20th 2021 07:22. Viewed 378 times.
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