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.
Investing in real estate can be a highly profitable enterprise. Unfortunately, real estate investors know that it comes with the same cost as most other forms of investment: taxes. Fortunately, unless ...
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 ...
Question: I have a second home that I rent out. I now have equity of about $100,000. I would like to sell that house and build a fourplex using a 1031 tax-deferred exchange. Because of the 180-day ...
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 ...
When a taxpayer exchanges a Midtown office building for apartment complexes in Williamsburg, or a SoHo retail building for a warehouse in Long Island City, that taxpayer is largely thinking about the ...
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?
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 ...
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