What is 1031 exchange?
A tax-deferred exchange under IRS Section 1031 that lets an investor defer capital gains tax by reinvesting sale proceeds into a like-kind property.
Where you will use it: this term comes up in the Real Estate Finance course, and the full course glossary collects every term in one place.
Related terms
From the free Real Estate Finance course by Devon Coombs, CPA, MBA.