Ads
related to: 1031 exchange into existing property requirements- Guide to 1031 Exchanges
Everything you need to know about
the 1031 exchange process
- What Is a DST?
Everything you need to know about
Delaware Statutory Trusts (DSTs)
- 1031 Crowdfunding Deals
View current and previous listings
Sign up to view our marketplace
- Meet Our Management Team
Seasoned real estate professionals
with over $2B in transactions
- Blog
Explore our blog to learn more
about various CRE topics.
- Become an Investor
Sign up today for free and browse
our diverse investment marketplace
- Guide to 1031 Exchanges
Search results
Results From The WOW.Com Content Network
Here are important requirements for a 1031 exchange: ... the taxpayer acquires the replacement property before selling their existing property. This type of exchange provides flexibility for those ...
Step 3. Enter into a 1031 exchange agreement with the Qualified Intermediary, in which the Qualified Intermediary is named as principal in the sale of the relinquished property and the subsequent purchase of the replacement property. The 1031 Exchange Agreement must meet with federal tax law requirements, especially pertaining to the proceeds.
A 1031 exchange allows certain real estate investors to defer capital gains taxes when selling one investment property and reinvesting proceeds from the sale into another similar property. Taxes ...
A like-kind exchange under United States tax law, also known as a 1031 exchange, is a transaction or series of transactions that allows for the disposal of an asset and the acquisition of another replacement asset without generating a current tax liability from the sale of the first asset. A like-kind exchange can involve the exchange of one ...
The role of a QI is defined in Treas. Reg. §1.1031(k)-1(g)(4). Under IRC Section 1031 an owner of business or investment property may exchange that property for other like-kind property within a statutorily mandated period of time, and defer current recognition of gain on the sale of the old property.
Knowing the 1031 exchange rules helps you save on taxes.
Ads
related to: 1031 exchange into existing property requirements