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by CareyBot

DEAR BOB: How many times can I do Internal Revenue Code 1031 exchanges with my investment properties? How often are these exchanges allowed? – Baxter T. DEAR BAXTER: Your questions are too easy. Don't you have a more challenging real estate query? Purchase Bob Bruss reports online. The easy answer is there is no limit to the number of times or the frequency you can use IRC 1031 to pyramid your real estate wealth without paying capital gains taxes along the way. Unlike Internal Revenue Code 121 for selling your principal residence and claiming up to $250,000 tax-free profits (up to $500,000 for a married couple), which can only be used every 24 months, IRC 1031 has no time frequency limitations. Theoretically, you can buy an investment property shack, fix it up to increase its ma...