Article by David East If an investor wants to defer state and federal capital gains taxes, then they will often take advantage of The Internal Revenue Code 1031 (IRC 1031) property exchange, which allows them to exchange one property for another without paying those taxes. Of course, the properties must qualify as “like-kind” and the … Read more
While most people think of property investment only in terms of purchasing properties the fact is that it can also involve selling developed properties in order to continue to make a profit. In today’s market, that can be a challenge. Property values have declined sharply in many areas and the number of purchasers has declined. … Read more
A 1031 exchange is a method of selling a property. There is more to it than simply selling a property for another property that is equal in value. The properties both have to be qualified for the 1031 exchange, and it must be done in a certain time period. This is not seen as a … Read more