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The 1031 Tax-Deferred Exchange
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When selling your resort home, especially those that have realized a significant increase in value since you purchased, or if you are selling in anticipation of purchasing another property, it is important to take advantage of all of the tax savings available. There is a little-known tax deferment under IRS Section 1031 that can benefit many sellers of real estate. Under this provision, you will need a "qualified intermediary" to help during your transaction. We have a long and trusting relationship with Statewide Title Exchange Corporation, a qualified intermediary, and would encourage you to click this link to learn more about the benefits of a 1031 Tax-Deferred Exchange.
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