A part-time real estate investor shares his 'failed' 1031 exchange — and what he wishes he knew before trying the tax-saving strategy

A part-time real estate investor shares his 'failed' 1031 exchange — and what he wishes he knew before trying the tax-saving strategy

Courtesy of Steve Lewis

A 1031 exchange sounds great on paper: It allows an investor to sell a property without paying capital-gains taxes on the sale if they replace it with another property of equal or greater value.

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