Enter the 1031 Tax Deferred Exchange. Specifically, the tax code referring to 1031 exchange rules in IRC Section 1.1031 reads “No gain or loss shall be recognized on the exchange of real ...
Named after Section 1031 of the Internal Revenue Code, this powerful tax-deferral strategy has been the subject of more myths than Bigfoot and the Loch Ness Monster combined. Today, we're going to ...
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The 1031 Exchange Isn't Just for Rich Peoplewhich is named after Section 1031 of the Internal Revenue Code. But this tax-saving tactic isn't just for the wealthy. "One common misconception is that 1031 exchanges are only for large-scale ...
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Do I Need to Report a 1031 Exchange on My Tax Return?Internal Revenue Code Section 1031 specifies rules that allow investors to do tax-deferred swaps of like-kind investment real estate. To qualify as allowable, the disposition of one relinquished ...
As a result of the wildfires and straight-line winds that began in Southern California on January 7, 2025, the IRS issued an extension of the 45- and 180-day deadlines for IRC §1031 exchange ...
If an investor uses IRS Code Section 1031 to recognize a "like-kind" exchange when selling an investment property, capital gains can be deferred by purchasing a similar investment property.
But you may be able to defer the capital gains tax liability by doing a 1031 exchange, which is a like-kind exchange to another property of equal or greater value. The rules are complicated and ...
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