1031 Exchange: Unzipped

Owners of establishments and other rental properties usually sell their assets to be able to buy a new one or upgrade to a better building.  They want to reinvest it to increase their income.  This is one good way of helping your business to recover if you have been in loss for quite some time.  … Read more

1031 Exchange ? Trade Real Estate Investments and Defer Taxable Gains

Inthe summer of 1990, the Internal Revenue Service announced the long awaited rules on Tax Deferred Exchanges. Section 1.1031 of the IRS Code laid out in detail the procedure for turning a sale and purchase type transaction into an Exchange. The revised rules allow owners of certain types of “like kind” real estate to sell … Read more