For investors interested in real estate, there may be no better and worthwhile tool than the 1031 exchange. In short, it is a process through which capital gains tax liability can be completely deferred. Enabling otherwise lost funds to be used for investment. It can be, however, a complex process, requiring due diligence … Read more
Also called a Starker Exchange Trust, a 1031 exchange is generally used by someone who wants to sell an investment property that they own, yet do not want to pay any taxes. A 1031 will allow the seller of the investment property to defer the taxes as long as they purchase another property which costs … Read more
If you are considering a 1031 property investment, then you will need to seek the services of a Qualified Intermediary (also referred to as a QI). This may seem like a simple task but since there are no uniform licensing requirements or oversight regulations for those in these positions it makes it a little … Read more
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
Anything that has to do with the IRS has the potential to be a painful experience-even a 1031 property exchange. With this in mind you want to work hard to remove as much potential pain from the process as possible. There are many ways you can do this but first you might be wondering if … Read more