A 1031 exchange, named after Section 1031 of the U.S. Internal Revenue Code, is a strategic tool for deferring tax on capital gains. You can leverage it to sell an investment property and reinvest the ...
First, let's cover some of the basic rules that govern 1031 exchanges. A 1031 exchange is a tax-deferred exchange where a taxpayer sells one or more assets held for productive use in a trade or ...
Taxes rarely make for exciting reading material, but 1031 exchange rules are a must-know if you own an investment property. Why? Because normally when you sell an investment property for more than ...
This is part two of a two-part series on Internal Revenue Code Section 1031 tax-deferred exchange transactions. The first article provided an overview of the basic rules that govern 1031 exchanges.
Looking to sell an investment property but don’t want to pay taxes on the profit right away? That’s exactly where the 1031 exchange rules come in. A 1031 exchange — named after Section 1031 of the ...
Learn the critical rules for 1031 exchanges when swapping farmland, dealing with family members or converting property to ...
A 1031 exchange is also referred to as a like-kind exchange because the replacement property must be of a like kind as the one you relinquish. The IRS considers real property to qualify as long as ...
A 1031 exchange allows you to defer your capital gains and depreciation recapture taxes from an investment property by exchanging it with another property. It might sound complicated, but if you ...
The Internal Revenue Service has handed investors and second-home owners a new gift. It’s in the form of a safety net that allows taxpayers to swap property via a Section 1031 tax-free exchange even ...
Taxes rarely make for exciting reading material, but if you own an investment property, there's at least one set of IRS regulations you absolutely will want to understand: 1031 exchange rules. Why?