Article by Isaac Roy
Section 1031 of the Internal Revenue Code generally provides that neither gain nor loss is recognized if qualifying property is exchanged for other qualifying property of a like-kind. In the above scenario, you may defer the payment of 0K in both federal and state taxes if ...
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Written by admin on July 9th, 2011
Written by admin on May 18th, 2011
Overview - An IRC ยง1031 tax deferred exchange allows owners of real estate to defer the recognition of a capital gains tax they would have recognized when they sold their property so long as ...
Written by admin on May 17th, 2011
A like-kind exchange, also referred to as a 1031 or Starker exchange, allows a taxpayer to defer paying tax on the sale of a property. Like-kind exchanges are wonderful and powerful tools to use ...
Written by admin on May 8th, 2011
Do you have an investment property that you would like to sell, but defer the capital gains taxes? If so, then you need to consider a 1031 exchange:
A 1031 exchange, otherwise known as ...
Written by admin on May 7th, 2011
A tax deferred exchange represents a simple, strategic method for selling one qualifying property and the subsequent acquisition of another qualifying property within a specific time frame.Although the logistics of selling one property and ...
