The 1031 exchange is a legal procedure that is named from section 1031 of the Internal Revenue Code, which allows you to sell your investment properties and exchange them for new ones, and the capital you gain between it is exempt from taxes and can be utilized to continue on this property exchange indefinitely.…
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As a property investor, it is very important that you explore different avenues to grow your portfolio. One thing that smart real estate investors commonly utilize is a 1031 tax-deferred exchange.…
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If you’re a real estate investor looking to maximize your capital gains for expanding your portfolio,a 1031 exchange is something you should definitely utilize. …
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Former Vice President Joe Biden has proposed a new tax plan as part of his economic plan. With very few details, Biden has produced a proposal to abolish property tax relief.…
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Many investors use the 1031 clause to swap one vacation home for another once they retire. Can you use a 1031 exchange for a home while on vacation, and if so, how long can you delay paying taxes under Section 1031 until you retire?…
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Are Vacation Homes Eligible For 1031 Exchanges? Many investors use the 1031 clause to swap one vacation home for another once they retire.…
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Vesting and 1031 exchanges require attention to the same taxpayer rule, which can be tricky if you don’t understand it. This article will hopefully clarify the potential and the topic for those interested in exchanges.…
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A 1031 Exchange allows taxpayers to defer taxes when selling investment property. The first step in completing an exchange is establishing a Qualified Intermediary (QI). You must do this before closing. It is essential to know the steps and responsibilities in completing 1031 exchanges.…
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The simplest type of 1031 exchange boot: “cash boot” A 1031 exchange isn’t an all-or-nothing proposition. It’s possible to conduct a successful 1031 exchange, but still owe some capital gains tax on the transaction when this happens, the taxable portion of the deal is known as boot.…
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As land prices for farms and ranchers have increased so have taxes. A 1031 exchange for farms and ranches can be a tremendous tax-saving opportunity. The increase in capital gains rates and the healthcare tax will warrant prudent tax planning by today’s family farm. We will show you how to use agriculture 1031 Exchanges for…
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