ChitownLiving | Chicago Real Estate + Life

Concept: Properties are not sold and bought but exchanged via a neutral third party. As a result taxes can be deferred. Rules: A federal law permits you to defer the payment of capital gains taxes when you sell (exchange) property and buy (replace) it with other “like kind” property or properties of equal or greater value. Very specific rules apply. Benefit: Deferring taxes creates extra cash for you … additional cash on hand creaes wealth. For a FREE 1031 Exchange report contact Jeff Kerr (http://www.Kerr-Properties.com) at 773-326-0048 or by email at jeff@kerr-properties.com.