The service stated that where, under state law, water rights are real property rights, the exchange of perpetual water rights for a fee interest in land constitutes a nontaxable exchange of property of like-kind within the meaning of section 1031, provided section 1031's requirements as to ...
Additionally, certain types of property transactions may require the filing of specific sections of Form 4797. For example, if a taxpayer has exchanged property under Section 1031 of the Internal Revenue Code, they may need to complete Section C of Form 4797 to report the like-kind exchange. I...
答案是用1031 Exchange交换价值更大的物业(可以是多个物业的集合),又可以报折旧了。 1031交换过程会将原物业已报折旧传递到新交换到的物业中,所以交换过程通常不产生资本利得税(除非交换到更小的物业)。 又问:报了折旧的房子将来卖的时候还不是要交资本利得税(Capital Gain Tax)吗? 答:合理应用1031交换,理论上...
If an exchange would be within the provisions of subsection (a), of section 1035(a), of section 1036(a), or of section 1037(a), if it were not for the fact that the property received in exchange consists not only of property permitted by such provisions to be received without the r...
This order was given in total disregard for the trustee/agents' arrangements to complete an IRS 1031 tax deferred exchange that was in place at the time, with the intent to save the selling trust capital gains taxes and enabling the trust to take advantage of the strong real estate market....
The tax code offers some good real estate returns and its 1031 exchange provision is an excellent tax break. The 1031 allows you to delay taxes on your investment real estate gain if you roll your sale pro...
Parr, Jason J
The Notice advises taxpayers that favorable rules will apply with respect to the depreciation deductions that can be claimed for property acquired in a tax-free exchange under Section 1031 of the Internal Revenue Code. The IRS also announced that the rules can apply to Section 1031 exchanges ...
Internal Revenue Services which clarifies treatment of partnership liabilities under Section 1031 of the Internal Revenue Code. The ruling holds that any net reduction in a partner's share of partnership liabilities that results from the exchange is taken into account for purposes of section 752 in ...
Elaborates on the reverse tax-free exchange benefit of the United States Internal Revenue Service Code 1031 to hotel owners. Availability of safe harbor to all qualifying exchanges; Identification of the relinquished property within 45 days from the transfer of the replacement property to the ...