Article by David East
If an investor wants to defer state and federal capital gains taxes, then they will often take advantage of The Internal Revenue Code 1031 (IRC 1031) property exchange, which allows them to exchange one property for another without paying those taxes. Of course, the properties must ...
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Written by admin on June 11th, 2011
Written by admin on May 24th, 2011
A 1031 exchange or Like kind exchange is defined by section 1031 of the Internal Revenue Code or the IRC. According to IRC if an asset, most often some form of real estate such ...
Written by admin on May 22nd, 2011
Section 1031 of the Internal Revenue Code (IRC) defines the 1031 exchange. 1031 exchange also known as Like kind exchange specifies that if an asset that is most often a land or a building, ...
Written by admin on May 10th, 2011
HISTORICALLY, Americans have never had a great affection for being taxed. The great author and political commentator Mark Twain, once stated that the difference between a tax collector and a taxidermist is that a ...
Written by admin on May 9th, 2011
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Property owners may sell like-kind properties and defer taxes on the profits by meeting the requirements of Internal Revenue Code (IRC) 1031 exchange. ...
