You read about all these tax breaks that rich people can get, and not have to pay as avingmuch money as us poor schlubs. Many people think that it's a matter of having to hire a bunch of accountants and tax people who can give you advice, money that a lot of us don't have. But actually it's studying the tax laws, or reading what someone else found out. Did you know that 401(K)s were found out by an accountant who was reading the tax codes on a lazy Sunday afternoon, and came across that section of code? But instead of having to pore over tax laws and regulations, I'm sparing you the hours and days of studying (and possibly clawing your eyes out). Under the irs 1031 exchange, you don't have to pay the taxes on the gains on the sale of real estate if you reinvest the proceeds in ownership of like-kind property and defer the capital gains taxes. To qualify as a like-kind exchange, property exchanges must be done in accordance with the rules set forth in the tax code and in the treasury regulations. This is one of the little-known provisions of the tax code, and one I'm sure a lot of people aren't aware of. You can read more at the link about it, and see about having someone advising you that's an expert in 1031 code.