One of the biggest mistakes property owners make is not realizing they're eligible for tax deferral through a Section 1031 like-kind exchange.

-

-

• Newsletter sign up Newsletter -
  
  When you purchase through links on our site, we may earn an affiliate commission. Here’s how it works.
  
  Millions of Americans have much of their net worth invested in real estate.
  
  Equity in these properties should grow in value over time, but for many, it's "trapped" because it can't be accessed without a sizable capital gains tax obligation when the property is sold.
  
  The result can be missed opportunities as investors hold out for the right market, lower capital gains tax rates or the property getting passed through their estate plan, at which point their heirs could take advantage of a step-up in basis.
  
  Subscribe to Kiplinger’s Personal Finance
  
  Be a smarter, better informed investor.
  
  Sign up for Kiplinger’s Free E-Newsletters
  
  Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
  
  Profit and prosper with the best of expert advice - straight to your e-mail.
  
  The Kiplinger Building Wealth program handpicks financial advisers and business owners from around the world to share retirement, estate planning and tax strategies to preserve and grow your wealth. These experts, who never pay for inclusion on the site, include professional wealth managers, fiduciary financial planners, CPAs and lawyers. Most of them have certifications including CFP&reg