This technique, guided by Section 1031 of the IRS Code, involves the trading of equity in one piece of property for the equity in another piece of property in order to defer capital gains tax.  It sounds simple, but involves a discerning eye to locate an equitable deal.  One of the keys to successful exchanges involves thebroker’s up-to-date knowledge of current IRS regulations concerning this area of expertise.  Meken Equity Management practices exchanges on a regular basis and knows just what to look for in each and every transaction to guarantee a successful resulting closure.