Learn why this is important Attention California real estate investors! 🏡🌴 The IRS has extended the tax deadline until October 16, 2023, for disaster-affected taxpayers in California. This is great news for those who qualify as "affected taxpayers" under Section 1033(e) of the Internal Revenue Code and may be eligible for an extension of their 1031 Exchange timelines.

The 1031 Exchange is an excellent tool for real estate investors, allowing them to defer paying taxes on the gain from the sale of an investment property by reinvesting the proceeds into another investment property. With the tax deadline extension, you now have more time to identify and close on a Replacement Property, providing you with greater flexibility in your investment strategy.

The extension applies to California residents or those who have their principal place of business in California and have been affected by a disaster. This includes taxpayers who are in the process of completing a 1031 Exchange.

If you're a California real estate investor who has been affected by a disaster, now is the time to take advantage of this extension and maximize your investment potential. Contact us today to learn more about the 1031 Exchange and how it can benefit your real estate investment strategy. Don't let this opportunity pass you by! 📈💰 #CalifCalifornia Real Estate Investors: Take Advantage of the 1031 Exchange Extension Today!"