The 1031 exchange is a long-standing feature of the US tax code in which an individual may exchange one real estate property for another one, while indefinitely deferring capital gains tax. In recent years, financial advisers have begun offering tenant-in-common 1031 exchanges, in which your home is exchanged for a part interest in an income property managed by the adviser. In effect, you are trading your home for a long-term income stream, without paying capital gains tax.
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