Depreciation is a powerful tool in the arsenal of real estate investors, however, when utilizing a 1031 exchange, the depreciation benefits can become significantly diluted unless you plan carefully.

You may be able to take advantage of a popular tax break that allows you to defer payment of any capital gains taxes due on the sale or maybe entirely avoid them.

Good faith efforts are not enough, because lurking in the regulations are numerous procedures that have to be followed to achieve a successful deferred exchange.