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Nov 29, 2023 · Getty. 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...
Apr 19, 2024 · A 1031 exchange is a swap of one real estate investment property for another that allows capital gains taxes to be deferred. The term—which gets its name from Section 1031 of the...
Feb 28, 2024 · A 1031 exchange, named after section 1031 of the U.S. Internal Revenue Code, is a way to postpone capital gains tax on the sale of a business or investment...
Jun 26, 2019 · This guide walks you through the rules, requirements, and variations of the 1031 exchange, a powerful investment tool with excellent tax benefits. It’ll explain, in plain English, exactly how a 1031 exchange works, and then use some examples to illustrate the details. Think of it as “1031 Exchange for Dummies.”.
Sep 8, 2023 · The 1031 exchange for dummies guide breaks down the involved processes, requirements, deadlines, and potential risks of such transactions, enabling investors to make more informed decisions and potentially enhance their long-term investment success. Requirements for a 1031 Exchange. Qualifying Properties for 1031 Exchange.
Apr 25, 2024 · Key Takeaways. A 1031 exchange allows real estate investors to defer capital gains taxes by reinvesting the proceeds from the sale of a business or investment property into a new, "like-kind" property. The replacement property in a 1031 exchange should be of equal or greater value to avoid paying taxes immediately.
In this article, we breakdown the rules and requirements of 1031 exchanges in simple, basic terms that everyone can easily understand. You don't have to be a real estate attorney or a tax advisor to read this article and walk away with a great understanding of 1031 exchanges.
