Berger Commercial Realty has been named one of the Best Of The Best Top Commercial Leasing and Sales Firms by CoStar for 2020!

skip to Main Content

550 S. Andrews Avenue, Suite 400, Fort Lauderdale, FL 33301

Michael Withrow answers: What is a 1031 exchange?

1031 exchange is not a tax avoidance, but rather a tax deferment. For example, if you have a property that you sell for $200,000 rather than paying the 20% tax rate, if that’s your tax rate you have to pay the $400,000. If you have a like property in mind, you can roll all $2,000,000 into other property and you’ll be able to keep your funds working for you. It gives you some extra leverage on the property.

Top Categories

Back To Top