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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 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...
Aug 29, 2022 · Key Takeaways. Section 1031 allows investors in business properties to defer taxes on the profits of properties sold in order to raise cash to purchase...
Jan 28, 2023 · Section 1031 of the IRC defines a 1031 exchange as when you exchange real property used for business or held as an investment solely for another business or investment property...
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...
Jun 11, 2022 · Bottom Line. FAQ. A 1031 exchange allows investors to defer capital gains tax on the sale of a business or investment property by reinvesting the money into...
Exchanges Under Code Section 1031. Real Estate Information & FAQs. What is a 1031 Exchange? An exchange is a real estate transaction in which a taxpayer sells real estate held for investment or for use in a trade or business and uses the funds to acquire replacement property.
