Broadly stated, a 1031 exchange (also called alike-kind exchangeor a Starker exchange) is a swap of oneinvestment propertyfor another. Most swaps are taxable as sales, although if yours meets the requirements of 1031, you’ll either have no tax or limited tax due at the time of the excha...
Give us a call at 866-374-7157 orStart a 1031 Exchange Onlinewith API today. I’m not just a client, I’m also a real estate broker. When investor clients and other real estate professionals ask who I recommend facilitating a 1031 exchange, I will enthusiastically say – Asset Preservatio...
Start a 1031 Exchange New York Qualified Intermediary Providing Services Nationwide What is a 1031 Exchange? The purpose of a 1031 exchange is to defer the payment of taxes on some or all of the capital gain in real property being sold. Anyone who is thinking about selling a business use, ...
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Exactly is a 1031 Exchange - In commercial real estate investing, the 1031 Exchange structure has attained huge popularity - Eligible for the 1031 Exchange, Delayed Exchange, NNN properties, Build Net Worth
Section 1031 defers tax on swaps of like-kind real estate done in a timely manner. There are a number of important steps to a properly structured 1031 exchange: The real estate purchased with the proceeds must be like-kind. For example, the proceeds of the sale of an apartment building ...
I lost my entire life savings in a 1031 exchange. … Numerous people who had worked their entire lives building equity in a property had everything stolen from them. 1031 exchanges are not regulated by the feds and are only as trustworthy as the people managing them! Be careful!” Sam ...
What Are the Rules for a 1031 Exchange? Property Must Be Like-Kind The replacementproperty must be like-kindto the relinquished property. Generally, real estate held for business or investment purposes in the United States is considered "like-kind,” including commercial and residential property. ...
Reverse Exchange, which is very complex and only can be conducted with the help of a Qualified Intermediary; Improvement Exchange, by using proceeds from a 1031 exchange to improve an existing replacement property or to build a new replacement property(nnn real estate). ...
For an owner of real estate, not engaging in a 1031 exchange, who wishes to refinance it at any time, any cash proceeds received are not subject to tax. However, in many cases, a taxpayer looking ahead to an upcoming exchange of his property may find himself with a high amount of equi...