FAQS
What is an IRS 1031 Tax-Free Exchange?
An IRS 1031 Tax-Free Exchange is tax law that allows you to postpone the payment of capital gains taxes. By exchanging your capital asset into a like-kind investment, you postpone payment of capital gains tax. Capital gains tax typically is paid on the gain in value of a capital item at its sale. Currently, the federal capital gain tax rate is 20% of the total net gain in capital value.
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About Us
Goodwin & Associates Real Estate, LLC was formed in 1996 by Mark Goodwin, a University of Illinois graduate and vocational agriculture teacher. His firm numbers among the best real estate firms in the area for buyers and sellers of farm, commercial, development and residential land. Read More
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