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 ...
Question: What is an Internal Revenue Code Section 1031 Like-Kind Exchange? Answer: Section 1031 of the Internal Revenue Code allows a taxpayer who owns business or investment real estate to “exchange ...
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 ...
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 ...
In times of tight margins, every purchase must have a purpose with ROI top of mind. As you optimize your equipment, crop inputs, farmland and business intellect for the year ahead, take the time to ...
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 ...
Internal Revenue Code Section 1031, a federal statute for deferring capital gains tax, is used in as many as 20% of commercial real estate transactions. Despite this, misunderstandings about this ...
Section 1031 of the Internal Revenue Code allows you to avoid taxes on investment property when you buy another property – if you follow the rules. There are four ...
Federal law gives a commercial real estate investor up to 180 days to complete a 1031 exchange: 45 days to identify a new property and another 135 days to complete the purchase. This is usually an ...
The low mortgage rates secured by many homebuyers and those who refinanced during the height of the post-pandemic housing market has led a rising share of “accidental landlords,” those who choose to ...
Some of the country’s richest people got their start by investing in real estate, reinvesting their profits and growing an empire. And one tool that makes this possible is the 1031 exchange, which is ...