Bob HilleryCR PropertiesThe IRS Code Section 1031 exchange allows an investor to trade real estate held for investment for other investment real estate and incur no immediate tax liability. Under Section 1031, if you exchange business or investment property solely for a business or investment property of a like-kind, no gain or loss is recognized until the newly acquired property is sold.IRS Code Section 1031 will not allow the avoidance of capital gains taxes in all cases. The exchange of U.S. real estate for real estate in another country will not qualify for tax-deferred exchange status. Trades involving property used for personal purposes, exchanging a personal residence for a rental property, will not receive tax-deferred treatment.Finally, if an exchange is made betwe
