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Under Section 408A of the Internal Revenue Code  Form

Under Section 408A of the Internal Revenue Code Form

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Instructions and help about Under Section 408A Of The Internal Revenue Code

what are the tax implications of a 1031 exchange and I can expand a little bit little bits on the state they're taxed if they're in a higher income bracket and they're taxed on something called depreciation so there's Hefty tax liability when someone just sells and that's something that they would want to be aware of before they just go and list the property sell the property and and decide not to exchange because once they close there's no going backwards those taxes are due so there's definitely there is it is wise for anyone considering doing a 1031 exchange to speak to their tax professional understand the numbers of the capital gains tax before they dive in and continue just to sell and not reinvest okay awesome

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