Welcome to the power you deserve, the power to effectively build your wealth with knowledge about the IRC Section 1031 Exchange.
Too many people mistakenly make themselves liable to pay capital gains taxes upon the sale investment property when they plan to purchase a replacement property. They simply haven't been told about the wealth building strategy allowed by IRC Section 1031.
On April 25, 1991, the IRS issued deferred exchange regulation-Reg 1.1031(k)-, that allows taxpayers to defer all of the capital gains taxes resulting from the sale of investment property, when they will use a Qualified Intermediary, follow the IRS guidelines, and use the money to buy more suitable investment property within 180 days of their sale.