By Brian Johnson 2021 President Santa Barbara Association of Realtors For the previous yr the genuine estate expense neighborhood has feared that, among the other matters, the 1031 Tax Deferred Exchange could be on the chopping block under a Democrat administration. Initially, a fast primer on 1031 Exchanges. The tax-deferred trade, as outlined in Portion 1031 of the Interior Revenue Code enables a residence proprietor to offer their financial commitment home and defer the taxes that would typically be owing upon that sale, Alternative Medicine. To thoroughly qualify an operator need to (a) acquire “like kind” Substitution Property that will be held for investment or applied productively in a trade…