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What can a 1031 Exchange do for you?
A §1031 Exchange permits the deferral of federal capital gain taxes (15%), depreciation recapture (25%), and state taxes (generally 8% to 9% where applicable).
For the §1031 Exchange to qualify for safe harbor tax deferral, sale proceeds must by held by a Qualified Intermediary, such as Rocky Mountain Land 1031 Exchange Company, LLC.
§1031 Exchanges are complex transactions. Always confer with your tax or legal advisor before entering into a §1031 Exchange.
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