Category: News Tags: 1031 exchanges 1031 exchange blog | Posted by 1031taxexchanges 1192 days ago
The answer to your dilemma is a 1031 exchange, a tactics which, although extensively used by real estate investors, has not as of yet become a common gambit of those dealing in antiques and collectibles such as classic cars. This is unfortunate, because the capital gains rates associated with sales on these investments are, as I mentioned before, much higher than those on real estate transactions, so a 1031 tax deferment would confer the greatest benefit on those in your line of business.

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