Ads
related to: 1031 exchange property conversion calculator pa state1031crowdfunding.com has been visited by 10K+ users in the past month
smartholidayshopping.com has been visited by 100K+ users in the past month
Search results
Results From The WOW.Com Content Network
A 1031 exchange is a real estate transaction where you trade a business-use property or one held as an investment property for a "like kind" property. 1031 Exchange Rules: Deadlines, Benefits and ...
For real property exchanges under Section 1031, any property that is considered "real property" under the law of the state where the property is located will be considered "like-kind" so long as both the old and the new property are held by the owner for investment, or for active use in a trade or business, or for the production of income.
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.
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.
For premium support please call: 800-290-4726 more ways to reach us
Ads
related to: 1031 exchange property conversion calculator pa statemy1031pros.com has been visited by 10K+ users in the past month
1031crowdfunding.com has been visited by 10K+ users in the past month