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Introduction to the 1031 Exchange! 1031 Exchange Basics
The basic premise of any exchange is that something is given away and something is received... The timelines and requirements may change depending upon the format of the exchange, though the basics remain the same. Something is relinquished and something is received! The exchange happens when the property is transferred, not when the sale occurs. Therefore the item or items transferred dictate what must be received. Confused? Tune in above as we walk you through the basics of a 1031 Exchange, and where to get started today!