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Woodhaven Country Club | Louisville Kentucky
7200 Woodhaven Rd, Louisville, Kentucky 40291
Want to trade up — and defer capital gains taxes? You need info on 1031 Exchanges. KREIA past president Joe Hampton will be on hand to tell us how it's done.
Do you have properties you'd like to sell but want to avoid or defer capital gains taxes on the sale? Consider a 1031 Exchange: Replace those properties with new, similar investments.
According to the IRS: «IRC Section 1031 provides an exception and allows you to postpone paying tax on the gain if you reinvest the proceeds in similar property as part of a qualifying like-kind exchange. Gain deferred in a like-kind exchange under IRC Section 1031 is tax-deferred, but it is not tax-free.»
Come to the July 26 meeting to learn the ins and outs from someone who's got a handle on the process: KREIA past president Joe Hampton.
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