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In a 1031 exchange, the property sold is referred to as the “relinquished property” and the property acquired is called the “replacement property”. Prior to the introduction of the 1031 exchange, a homeowner had to simultaneously sell one property while purchasing the new property, a practice...
Many myths and misunderstandings surround this section of the tax code; thoughts like only the wealthy can use it, an exchange must be costly, or it's a loophole that taxpayers should not utilize. These statements couldn’t be further from the truth. The benefits are not only to the busine...
Whether you're a first-time investor or a seasoned property owner, a 1031 exchange can impact your tax strategy significantly. Here's how.
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With a 1031 exchange, all your proceeds from your sale get held by a third-party intermediary until you close on a property, or if one isn’t found, you get your proceeds back but then must pay capital gains tax on the gain from the sale. People do 1031 exchanges because then you ...
The tax breaks and loopholes built into real estate make it one of the most profitable investments in the world. In fact, the real estate tax exchange loophole--known as the 1031 Exchange--is one of the greatest tax loopholes in existence. This loophole allows a real estate investor to ...
Defer Tax Get Cash! Are you selling a highly appreciated asset like a business or a commercial property - Are you tired of trading one headache for another in a 1031 exchange? - Are you looking for a way to simplify but keep the gain you've earned?
1031 Exchange, Step by Step In a typical transaction, an investor decides to sell an investment property and invest the proceeds from any gain in another property. To accomplish this in a tax-efficient way, the investor enters into a 1031 exchange agreement with a qualified intermediary and put...
1031 Exchanges If you sell your foreign property, you may be able to make a 1031 exchange (also called alike-kind exchange), in which you swap one investment property for another similar property on a tax-deferred basis. Many investors use this strategy to defer paying capital gains a...