The exchange of 1031 properties is a complex transaction. Many things can go right leaving you to enjoy a more secured future with steadily increasing real estate investments and revenue. You can also learn some painful lesson when things go wrong along the way. You can reduce the risk of 1031 properties gone wrong by … Read more
<!– @page { margin: 0.79in } P { margin-bottom: 0.08in } –> Property owners may sell like-kind properties and defer taxes on the profits by meeting the requirements of Internal Revenue Code (IRC) 1031 exchange. The purpose of the 1031 Exchange is to allow sellers of like-kind property to buy replacement property of like-kind within … Read more
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 a “tax deferred exchange” is a strategy and method for selling one investment property and then proceeding with an acquisition … Read more
What is an Exchange A 1031 Exchange allows owners of business or investment property to defer the recognition of the capital gains tax normally due upon the sale of the property so long as they use the proceeds to buy another business or investment property of equal or greater value. Although most people think about … Read more
Many people avoid the potential benefits of owning 1031 properties because they simply do not understand what does and does not qualify. There is some degree of ambiguity to the language that can be confusing. Let’s cut through some of the confusion to help you better understand. 1031 Exchanges and Like Properties One thing that … Read more