1031 exchanges are authorized in the Internal Revenue Code at 26 U.S.C. 1031 and the treasury regulations. There are also a number of cases, private letter rulings, technical advice memorandums, and other legal authorities that authorize 1031 exchanges. You could say that 1031 exchanges are pretty cut and dry and not very controversial because they’ve been happening for almost 100 years.
Start Your 1031 Exchange: If you have questions about 1031 exchanges, feel free to call me at 612-643-1031.
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