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 ...
Selling real estate for more than you paid for it is a good thing, but depending on the amount of your profit, it could trigger a tax liability known as the capital gain tax. However, there are some ...
At its core, a 1031 exchange is designed to accomplish one simple goal: to avoid taxes. But owners turn to 1031 exchanges to carry out a variety of business strategies. A retail owner might use an ...
A 1031 real estate exchange, also known as a like-kind exchange, is a tax-deferral strategy used by real estate investors to defer capital gains taxes on the sale of an investment property. Named ...
For the unfamiliar, a 1031 Tax Deferred Exchange is a key mechanism for taxpayers to maximize the sale of business and investment properties. For any current or aspiring real estate investor, this ...
The IRS focuses on your investment intent—there’s no official minimum holding period for a 1031 exchange property. Most tax advisors recommend holding the property for at least one to two years to ...
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 ...
Selling real estate can turn a large profit, but it also comes with a large tax bill. That's where a 1031 exchange comes in handy: by offering you a deferred tax break. But 1031 exchanges are ...
If you’re a serious real estate investor, you probably know about tax-deferred Section 1031 exchanges, AKA like-kind exchanges. They allow you to swap appreciated real property for other real property ...
The Internal Revenue Service and the Treasury Department issued final regulations related to Section 1031 like-kind exchanges. The new regs address the definition of real property, as well as the ...
Whether you’re a first-time investor or a seasoned property owner, a 1031 exchange can impact your tax strategy significantly. Here’s how. Normally, when you sell investment property, you’re required ...
A 1031 exchange is a transaction sanctioned by the U.S. Internal Revenue Service that allows a seller to “swap” one “like-kind” investment property for another when buying one of equal or greater ...