DISCLAIMER - Because tax consequences are complex and certain consequences may differ depending on individual tax circumstances, each prospective purchaser must consult with and rely on his own independent professional tax advisor concerning the tax consequences of such a purchase and his individual situation. IRS Tax Law is ever-changing, therefore Waterfront and Links, Inc. and Sea Pines Real Estate do not guarantee the accuracy of the following information. This page represents only highlights of IRS Code Section 1031 and is not intended as a full disclosure of the code.