If you own investment real estate, then you’ve probably heard of the 1031 exchange. For those who are unfamiliar with the line in the tax code, here’s a simple explanation: The 1031 exchange ...
Partnership interests fall under the definition of personal property ... to invest in a new property. 2. The real estate is exchanged through 1031 exchanges, and the relinquished property is ...
1031 exchanges are specifically for real property used for investment ... The key here is "like-kind" real estate. But don't worry, the definition of "like-kind" is broader than you might think.
However, many of them also plan on deferring the gain into other real estate using a tax-deferred exchange under Section 1031. This is very easy if the only property sold is raw land with no ...
In practice, however, it can be challenging to execute a 1031 exchange. That's what part-time real estate investor Steve Lewis, who bought his first property in 2000 and expanded to three rentals ...
Here's what you need to know to make a 1031 exchange work ... wealth management for real estate investors. "There is a great deal of flexibility within this definition. Properties do not need ...
We continue to receive questions regarding how tax-deferred exchanges of farm real estate are taxed ... of how tax might be deferred under Section 1031. For example, Jane sells a quarter section ...
The IRS Code Section 1031 exchange allows an investor to trade real estate held for investment for other investment real estate and incur no immediate tax liability. Under Section 1031 ...
"Utilizing 1031 Exchanges fosters economic growth by enabling capital reinvestment and job creation," IPX1031 President John Wunderlich stated. "We strive to provide investors with the essential ...