Want to 1031 (EAT) into a Property You Already Own? There are times when an investor may want to sell one of his properties and invest its proceeds in another he owns. In the past the IRS forbade 1031 exchanges in such cases, however, today there are means around it. It is known as an … 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
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
Whether you’re new to real estate investing altogether or are just getting ready to broaden your investing horizons odds are good that you’ll come across the term 1031 properties at some point along the way. You may be wondering what the big deal about these properties is. Why should you consider a 1031 exchange for … Read more
One of the most essential concepts in the 1031 exchange process is that a property investor must not receive any cash benefit from the proceeds of the sale of his or her relinquished property; any kind of cash benefit from the sale is considered to be boot, and this means, in fact, subject to capital … Read more