Tiffany's Tip on Real Estate Investing: Investing through the 1031 Exchange  When you purchase real property and it is sold- you incur a financial gain. This gain or profit is taxable during the calendar year of the sale. To defer the taxes due on this gain, the IRS offers a break under IRS Code-seection 1031. IRS Section 1031 provides an exception and allows you to postpone paying Continue Reading