Search results
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.
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 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...
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...
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...
Feb 19, 2021 · Home. A Guide to 1031 Exchanges. A 1031 exchange can help you defer capital gains taxes on investment property, but the rules are complicated. By Kimberly Lankford. |. Feb. 19,...
