Outlook Highlights Interest Rates, Capital Migration, and Evolving Exchange Strategies A Media Snippet accompanying this ...
A 1031 exchange lets you swap investment properties tax-free, enhancing your investment funds. Only "like-kind" investment properties qualify for 1031 exchanges, not personal residences. Delayed 1031 ...
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1031 exchange rules: How to defer taxes when you sell investment property
Knowing the 1031 exchange rules for real estate and taxes will come in handy if you're an investor. Here's the details you'll ...
The IRS focuses on your investment intent—there’s no official minimum holding period for a 1031 exchange property. Most tax advisors recommend holding the property for at least one to two years to ...
Real estate investors may be familiar with traditional tax-deferred exchanges like 1031s that involve selling a property and then buying a similar or “like-kind” replacement property. The lesser-known ...
A 1031 exchange is also referred to as a like-kind exchange because the replacement property must be of a like kind as the one you relinquish. The IRS considers real property to qualify as long as ...
Selling real estate for more than you paid for it is a good thing, but depending on the amount of your profit, it could trigger a tax liability known as the capital gain tax. However, there are some ...
When you are selling vacant land or non-owner occupied property held for commercial or investment purposes, you need to consider structuring the sale as an Internal Revenue Code ("Code") Section 1031 ...
First, let's cover some of the basic rules that govern 1031 exchanges. A 1031 exchange is a tax-deferred exchange where a taxpayer sells one or more assets held for productive use in a trade or ...
Here’s the good news: The real estate your about-to-retire client owns has increased in value significantly since they bought it. The not-as-good news: If they were to sell that property, they’d ...
Question: Allison, we bought our Summit county property as an investment with a 1031 Exchange. Is it possible to now change it into our principal residence? Answer: Great question! I spoke with Mary ...
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