It is possible for you to keep all the money from the sale of your your property. 1031 tax exchanges make it possible to sell your property without owing any capital gains tax!
The capital gains taxes imposed when selling an investment property can be bothersome for any real estate investor. Thankfully, section 1031 of the IRS Code of 1986 offers a way for real estate investors to defer those taxes by exchanging one investment property for another. This is called a 1031 tax exchange, and it's a much-needed solution if you are looking to defer capital gains taxes from the sale of investment real estate.