A 1031 exchange is a swap of one real estate investment property for another that allows capital gains taxes to be deferred. The term gets its name from Section 1031 of the Internal Revenue Code. An exchange can only be made with like-kind properties, there are also tax implications and time frames to be aware of.
Below is a list of the Maui Condos that have been used the most as 1031 Exchange replacement properties since the beginning of 2021.
Please feel free to contact us if you are interested in executing a 1031 Exchange. I have helped dozens of clients navigate the rules and timelines of this tax code. If you haven’t already selected your qualified intermediary, I would happy to introduce you to some of my contacts.
