Reinvesting the captial gains from an investment property into another property? How does that work?
Is it true that if you use the capital from the sale of an investment property and put that towards another property that you will not be taxed on the capital gains via tax? How does this work exactly?
And can you use the capital gains toward any type of property such as a primary residence or a second home or does it have to be toward another investment property to avoid paying capital gains tax on those proceeds?
Investment best answer:
Answer by Lulupooh
It's called a 1031 tax exchange.
Investment
MFS Investment Management Service Day (Boston) 5.10.13
Image by cityyear
MFS employees rolled up their sleeves to help landscape, and paint the outdoor area surrounding the Dever-McCormack Schools on Friday.
Photos by Jerome Daye | 2013
Orignal From: Reinvesting the captial gains from an investment property into another property? How does that work? and MFS Investment Management Service Day (Boston) 5.10.13
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