Internal Revenue Code 1031 offers the real estate investor a powerful tax strategy that when properly used enables him to amass wealth. A key advantage of the 1031 exchange is the ability to dispose of an investment property without paying a capital gains or a depreciation recapture tax. The earning power of the deferred taxes works for the benefit of the investor instead of Uncle Sam. The tax not paid can be regarded as an interest free loan from Uncle Sam.

The 1031 Exchange may be an option to consider in relation to your Nantucket Real Estate situation. Contact me to learn more about this.

View a more detailed description of the 1031 Exchange.