Taxes rarely make for exciting reading material, but 1031 exchange rules are a must-know if you own an investment property. Why? Because normally when you sell an investment property for more than ...
A 1031 exchange, named after Section 1031 of the U.S. Internal Revenue Code, is a strategic tool for deferring tax on capital gains. You can leverage it to sell an investment property and reinvest the ...
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Are you thinking about selling a business or investment property that could result in a substantial profit, and consequently, a large tax bill? You may be able to take advantage of a popular tax break ...
A 1031 exchange can make it possible for your clients to defer taxes on the sale of a property by exchanging it for another like-kind property of equal or greater value. This tactic can help them keep ...
If you’re a serious real estate investor, you probably know about tax-deferred Section 1031 exchanges, AKA like-kind exchanges. They allow you to swap appreciated real property for other real property ...
Real estate owners have limited options to pull cash out of a 1031 exchange without having to pay income tax. With proper tax planning, this problem can be solved with a cost segregation study. The ...
Simplify your mortgage journey with a trusted lender. Explore Options Simplify your mortgage journey with a trusted lender. If you’re a real estate investor, you know that real estate comes with some ...
The IRS released revenue procedure 2002-22 in March to address the use of fractional ownership interests as replacement property in IRC section 1031 exchanges. Commonly referred to as ...
"The only difference between death and taxes is that death doesn't get worse every time Congress meets." -- Will Rogers In this series of tax articles, I have discussed tax benefits for owners of ...
Q: Marsha, I own a single-family residence that has been a rental for many years. I purchased the house for $100,000, and I think I can sell for about $950,000. I’ve heard about “1031 exchanges” for ...