When can you use a 1031 exchange in real estate?
QUESTIONS When should you use a 1031 Exchange? There are two main questions to ask yourself: 1) Will I incur capital gains tax when I sell my investment property? 2) Continue Reading
The History of 1031 Exchanges
The United States Congress enacted the first exchange statute through the Revenue Act of 1921. The act, which allowed both like-kind and non-like-kind exchanges for a legal, regulated tax-deferred exchange Continue Reading
Misconceptions About 1031 Exchanges
A wise investor’s vehicle for deferring capital gains taxes or depreciation recaptures, 1031 exchanges were first adopted by the IRS in 1954. That’s when the present day definition of a Continue Reading
The New Tax Law and Like Kind Exchanges
On December 22, 2017, President Trump signed the Tax Cuts and Jobs Act, enacting sweeping changes to the U.S. tax framework which took effect at the beginning of 2018. The Continue Reading
A Quick Look at 1031 Rules
Who Qualifies? If you own an investment or business property, you can qualify for a 1031 exchange, whether you’re an individual, C or S corporation, partnership, or LLC. Same Taxpayer Continue Reading
What I Learned About 1031 Exchanges That Can Help You, Too
Internal Revenue Service tax code 1031 relates to real estate exchanges, allowing investors to defer capital gain tax payments on the sale of the property by reinvesting the proceeds into Continue Reading
Capital Gains Tax Deferral Through 1031 Exchanges
It’s a real estate investors’ dream—a property that highly appreciates in value over time. The downside to that dream, though, is the prospective hefty capital gains tax bill which can Continue Reading