Considering a 1031 tax exchange for your next real estate transaction? If so, you’re already on the right track: a 1031 exchange represents a great opportunity for real estate investors to temporarily defer payment of capital gains taxes on their investments. The legal 1031 tax exchange has helped many investors rapidly grow the value … Read more
Your head is probably swimming by now by all the technical talk you’ll hear in real estate circles. 1031 property exchange may be just another bit of real estate jargon to you but if you have long-term goals for your real estate investments. It’s a phrase you really need to perk up and pay attention … Read more
YOU MAY NEED TO FILE FOR AN EXTENSION A 1031 exchange is reported on the tax return for the tax year in which the exchange begins, i.e. the tax year the relinquished property is transferred, using IRS Form 8824. If an investor’s exchange transaction started late in 2010, he may need to file for an … Read more
As if there weren’t enough facts and details floating around about the 1031 property exchange, you now discover there are different types of these exchanges to choose from. Learning about your options will help you make an informed decision about the best course of action for your needs, goals, and comfort zone. Simultaneous … Read more
<!– @page { margin: 0.79in } P { margin-bottom: 0.08in } –> Why Do a 1031 Exchange? Investors can trade up, consolidate, diversify, leverage or relocate their investments and not be penalized by having to pay either capital gains or recapture (the amount deducted while owning the property is taxable if the property is sold). … Read more