irs code

Avoid Paying Capital Gains Tax with Exchange 1031

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As a common cliché would have put it, taxes are inevitable.  However, we break tradition in this article as we discuss a method to avoid paying taxes. Exchange 1031 is a provision that allows the homeowner to keep the entire proceeds for the sale of a real estate property by exemption of payment of capital … Read more

1031 Exchange ? Trade Real Estate Investments and Defer Taxable Gains

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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