Finance
What is a '1031 exchange' and how does it benefit Idaho real estate investors?
AA property exchange between two neighbors
BA tax-deferred exchange under IRC Section 1031 allowing investors to defer capital gains taxes by reinvesting proceeds from a sale into a like-kind property✓ Correct
CAn exchange rate calculation for foreign buyers
DA first-time homebuyer tax credit
Explanation
A 1031 (like-kind) exchange allows Idaho investors to defer federal (and sometimes state) capital gains taxes by selling investment property and reinvesting the proceeds into another qualifying investment property within specified time limits.
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