By Philip Michael In real estate, one of the most pro tactics is the 1031 Exchange—also known as the secret behind how Donald Trump and other real-estate developers pay almost nothing in taxes. However, there’s another, little-known tax loophole that Real Estate Weekly, a New York real estate trade publication, calls real estate’s “best kept secret.” To me, I call it the 1031 on steroids. This beauty is known, simply, as the 721 Exchange. Like the 1031, 721 Exchange allows you to defer capital gains tax. Unlike the 1031, you can exchange your capital gains into a portfolio versus just one property. The 721 also allows you to get into real estate investment trusts (REITs). ...
Source: https://www.theepochtimes.com/721-excha ... 23013.html
721 Exchange—Real Estate’s Best-Kept Secret
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721 Exchange—Real Estate’s Best-Kept Secret
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