Section 1031 and Vacation Homes

Whether you call it another tax benefit for the wealthy or help for strapped real-estate investors, its worth taking note that the IRS has recently clarified their position on swapping vacation homes you can do it now tax free.

There are the usual rules that specific times, percentages and percentages of time are required to qualify but what it boils down to is that chances are owners of multiple homes now have other way of transferring assets without having to get the tax man involved.