Taxes rarely make for exciting reading material, but if you own an investment property, there’s at least one set of IRS regulations you absolutely will want to understand: 1031 exchange rules. Why?
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 ...
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 ...
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 ...
In general, in the case of non-retirement funds, if an individual sells their business or investment property and ultimately gains from this, then they must pay tax on that gain. However, there is an ...
If a bill currently winding its way through the state Senate had been law even a year ago, Bay Area investors would not have lost millions of dollars when they entrusted their money to 1031 Advance of ...
Question: Allison, with the new 1031 tax deferred exchange guidelines, will we still be able to use our vacation property in an IRS approved exchange? Great News! The IRS will not challenge whether a ...
Corcapa 1031 Advisors, a financial advisory firm specializing exclusively in 1031 exchanges and tax mitigation strategies, ...
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 ...
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