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Tax Exchange Package Maine  Form

Tax Exchange Package Maine Form

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there is no limit to the number of times that you can do the 1031 tax deferred exchange as a real estate investor you can trade up from a $1 million property to a $2 million property 10 more years go by to a $4 million property 10 more years go by to $8 million property now I'm certainly oversimplifying this but at each step you don't owe any capital gains tax so because you can defer it endlessly you really never have to pay it and effectively becomes taxfree with that step up and basis to your ears

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