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The 10refers to IRS Code § 1031. What is a 10Exchange ? When a capital asset is sol capital gain and recaptured depreciation taxes are triggered . As with any big financial transaction, an apartment sale in New York City involves paying taxes. The Internal Revenue Code provides that a taxpayer may sell property and defer payment of any capital gains tax if that taxpayer uses the proceeds to acquire “ like . Phoenix investors who exchange Gilbert, Mesa and Chandler investment real estate for like properties may defer capital gains and recapture tax - depreciation. A 10Exchange refers to a section of the IRS Code which, not surprisingly, is section 1031.

The strategy allows an investor to defer paying capital gains taxes on . A 10exchange , or tax deferred exchange , allows a taxpayer to sell a property and purchase a replacement property without having to pay capital gains tax on . Thanks to IRC Section 10, a properly structured 10tax free exchange allows an investor to sell a property, to reinvest the proceeds in a new property and to . The tax deferred exchange , as defined in § 10of the Internal Revenue Code, offers taxpayers way to defer paying capital gains tax on the sale of real estate. In real estate investing, there is a way to defer the taxes paid on capital gains.