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Jan 28, 2023 · By following some simple 1031 exchange rules, you can defer or avoid paying capital gains taxes. 1031 exchange expert Daniel Goodwin explains how. kiplinger Kiplinger
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...
Under the Tax Cuts and Jobs Act, Section 1031 now applies only to exchanges of real property and not to exchanges of personal or intangible property. An exchange of real property held primarily for sale still does not qualify as a like-kind exchange.
Feb 7, 2024 · 1031 Exchange rules explained. A 1031 exchange is pretty straightforward. If you own or manage investment or business property, you can exchange it with a like-kind property to defer capital gains tax. If you follow the rules. It’s important to understand 1031 exchange rules and requirements before doing one on any property you manage or own.
Feb 23, 2024 · Under Section 1031, if you exchange business or investment property solely for a business or investment property of a like-kind, no gain or loss is recognized until the...
Aug 29, 2022 · Rules for Using Section 1031. Section 1031 defers tax on swaps of like-kind real estate done in a timely manner. There are a number of important steps to a properly...
Jul 28, 2022 · You must purchase your new property within 180 days. A 1031 exchange can help you buy more profitable properties, diversify, or defer taxes associated with depreciation. A 1031 exchange is...
