Understanding Closing Costs: What Prepaids and Escrow Reserves Really Cover in Ohio

Deferring Capital Gains on Investment Property For real estate investors in Southwest Ohio, a 1031 exchange, named for Section 1031 of the Internal Revenue Code, offers a way to sell an investment property and reinvest the proceeds into another like-kind property while deferring capital gains taxes that would otherwise be due immediately. While the tax …

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