When can I take advantage of a 1031 Exchange?

A 1031 exchange is a powerful mechanism for real estate investors: enabling both individuals and businesses to sell existing assets and use the proceeds to purchase new assets while deferring taxes on their profits. However, 1031 exchanges are complex, and it’s always advisable to seek support from experienced tax advisors, attorneys, and other intermediaries. See the primer on 1031 Exchanges in our Resource section.