Mississippi 1031 Exchange Explained
Mississippi 1031 Exchange Explained
Internal Revenue Code relates to the disposition of
mississippi commercial property that is held for investment purposes or used in productive business. If performed properly, internal revenue code provides an exception to the rule requiring the payment of capital gains tax upon the sale or exchange of mississippi commercial property. Mississippi 1031 Exchanges are typical sales and purchases that involve the same exact ingredients as any other sale or purchase, without the capital gains. The only real difference is the
mississippi property investor is increasing his or her selling and buying power by electing to rollover their investment into another like kind 1031 mississippi property. No other aspects of the transaction are affected.
Contact us if you are interested in retaining the wealth of your
mississippi commercial property investment and we will match you with a qualified
mississippi 1031 expert in your area.