Navigating a 1031 Exchange

Selling a farm or a ranch, like selling any business, often involves many different types of assets. The transaction may include equipment, livestock, water rights, crops, inventory, and, of course, real estate. Investors interested in selling a farm or ranch using a like-kind exchange under Internal Revenue Code §1031 should focus on the particular property being sold and purchased in order to maximize various tax tools, including the amount of capital gain that they will be able to defer. First American Exchange experts are here to help you navigate your 1031 Exchange. What is a 1031 Exchange? When you sell