Text Callout : Key Takeaways - The 1031 Exchange Isn't Just for Rich People Some of the country's richest people got their start by investing in real estate, reinvesting their profits and growing ...

If an investor uses IRS Code Section 1031 to recognize a "like-kind" exchange when selling an investment property, capital gains can be deferred by purchasing a similar investment property.

Over the years, the convertibles went from in-service to stored, with the CP and CEFX fleets laid up beginning in 2008 followed by UP’s in the early 2010s. CP’s convertibles would get a new lease on ...