[17th Miss Regt]

1031 swaps. No sale, so no tax.

[EliRoom8]

1031 swaps. No sale, so no tax. A 1031 exchange, also known as a like-kind exchange, is a tax strategy that allows you to swap one investment property for another of equal or greater value without paying capital gains tax on the sale. The name comes from Section 1031 of the Internal Revenue Code, which provides the legal basis for this option. The idea is that you're not cashing out your investment, but rather exchanging it for another one that suits your needs better.

So, let me get this. If you wanted to move to Texas, your interested buyer in California would need to purchase a property in Texas? What if the property in California is worth 250K more?

[Tea Party Terrorist]

You're obviously clueless as to how a 1031 tax deferred exchange works.