A 1031 exchange refers to Section 1.1031 of the Internal Revenue Code which was passed in 1990. Normally, when you sell all real and personal property, the tax code requires the payment of the Capital Gains Tax. That is to say, when you sell your office for 0,000 more than you bought it for, you … Read more
Do you know what the worth of an online paralegal associate degree is? Nowadays, the convenience of learning via online is the topmost factor being considered by most students who want to pursue a paralegal profession. Having an online paralegal associate degree is just as important as other university degrees. Just the same, it is … Read more
1031 Exchange and Tax Advantages A 1031 Exchange or Like Kind Exchange is defined by Section 1031 of the InternalRevenue Code. This code specifies that if an asset (usually some form of real estate such asland or a building) is sold and the proceeds of the sale are then reinvested in a like kind of … Read more
In this era of heightened awareness of human rights, the title looks like a blasphemy, but bitter truth is often more repugnant than fiction. For instance, presently, a slave costs 1/38th of the price 160 years ago, making the business very profitable with a ROI of 8 times. Throughout history (and even … Read more
A 1031 exchange is a great tool for investors who want to avoid paying tax on the gain from the sale of real estate; however, in order to completely defer the tax, an investor must: Find one or more “like-kind” replacement properties with a total fair market value that equals or exceeds what is being … Read more