One of the biggest mistakes property owners make is not realizing they’re eligible for tax deferral through a Section 1031 like-kind exchange.

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  Millions of Americans have much of their net worth invested in real estate.
  
  Equity in these properties should grow in value over time, but for many, it’s “trapped” because it can’t be accessed without a sizable capital gains tax obligation when the property is sold.
  
  The result can be missed opportunities as investors hold out for the right market, lower capital gains tax rates or the property getting passed through their estate plan, at which point their heirs could take advantage of a step-up in basis.
  
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