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Tax

1031 Like-Kind Exchange

Defer capital gains indefinitely by rolling into bigger real estate.

Overview

Sell an investment property and reinvest proceeds into like-kind property within 45/180 days to defer 100% of cap gains + depreciation recapture. Chain forever; step-up basis at death wipes the tax.

Best fit
Real estate investorsPortfolio scalingEstate planning
Estimated impact
20–37% of gain deferred

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