How savvy investors use 1031s to defer capital gains and build wealth Robert Wood Tax is an attorney at WoodLLP. He is also the author of more than 30 books and numerous articles. David Kindness is a ...
Forbes contributors publish independent expert analyses and insights. Roger Valdez writes about housing economics and policy. During my time working with and for real estate investors, I heard about ...
Businessman holds a folder while standing next to a businesswoman viewing an apartment building. A 1031 exchange is potentially most impactful for those who own or profit from holding real property.
A 1031 real estate exchange, also known as a like-kind exchange, is a tax-deferral strategy used by real estate investors to defer capital gains taxes on the sale of an investment property. Named ...
Pennsylvania still presents a somewhat complicated landscape for IRC Section 1031 like-kind exchanges. However, it has moved in the right direction in conforming to the federal tax treatment for such ...
Question: When you sell a duplex where you live in one unit and the other unit is a rental, do you have to do a 1031 tax-deferred exchange or would part of the duplex be classified as a personal ...
Gain from a couple’s disposition of agricultural property could not be deferred, even though the property was relinquished in a like-kind exchange that was properly executed, the Tax Court held. The ...
As the adage goes, “Don’t do business with relatives.” If a taxpayer enters into a Section 1031 tax-deferred real property exchange (an “Exchange”) with a relative or with a “related person” the adage ...
What Section 1031 does. Section 1031 lets you defer tax when you swap one investment or business real estate for another, as long as both are real property held for investment or productive use. Since ...
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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