It’s important to note that 1031 exchanges are not “tax-free” but are “tax deferred.” We explain in this Tax Tip.
Indices ended in the red zone on Tuesday. Stocks traded lower in the wake of Microsoft and Caterpillar earnings as well as a variety of economic news. Durable goods orders dipped in December. New orders for goods designed to last several years fell 3.4 percent, versus expectations of a 0.5 percent gain.