Do You Have to Replace Debt in a 1031 Exchange?
How to Fully Defer Taxes the Right Way
In my experience working with investors across the country, one of the most common and costly misunderstandings I see in a 1031 Exchange revolves around debt.
Many taxpayers, and even some tax advisors, believe that the IRS requires you to take on equal or greater debt on your 1031 Exchange replacement property in order to fully defer taxes.
That is simply not the rule.
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