
# 1031 Tax Deferred Exchange: Your Ticket to Smart Real Estate Investing
Ready to sell your investment property but dread the tax bill? A 1031 exchange lets you defer capital gains by trading one investment property for another "like-kind" property. Despite the name, "like-kind" is surprisingly flexible—you can exchange an apartment for raw land or even fractional ownership in commercial properties through Delaware Statutory Trusts. Remember the crucial timelines: 45 days to identify replacement properties and 180 days to close. This powerful wealth-building strategy helps successful investors upgrade their portfolio while keeping the IRS at bay.