Great News for Philly Market 1031 Exchanges

[Eric Tullius]

https://www.barley.com/pennsyl...

Pennsylvania will permit the tax deferral benefit of 1031 like-kind exchanges for the first time starting in the 2023 tax year.

What are the benefits of 1031 exchanges?

• Immediate tax deferral.
• Time value of the tax deferral.
• Greater buying power.
• Increased cash flow.
• Consolidation of properties.
• Relocation or expansion of a business.
• Estate preservation.
• Retirement exit strategy for business owners.