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 ...
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Written by admin on May 24th, 2011
Written by admin on May 23rd, 2011
Many owners and investors are only focused on buying and selling real estate that they haven't really looked at the advantages when it comes to 1031 exchange that IRS offers to people. This article ...
Written by admin on May 22nd, 2011
Generally, income as a result of personal injury is not taxable, depending on the specific type of award. However, some areas are taxed as income. For this reason, and the fact that ...
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 21st, 2011
1031 Exchange and Tax Advantages
A 1031 Exchange or Like Kind Exchange is defined by Section 1031 of the InternalRevenue Code. This code specifies that if an asset (usually some form of real estate such ...
