Yes, a vacation rental can qualify for a 1031 exchange, but not a purely personal vacation home. If you intend to use your property part of the year and rent it part of the year, follow the 14-day/10% ...
Learn the critical rules for 1031 exchanges when swapping farmland, dealing with family members or converting property to ...
Selling real estate for more than you paid for it is a good thing, but depending on the amount of your profit, it could trigger a tax liability known as the capital gain tax. However, there are some ...
The First Flatiron at Boulder's Chautauqua Park was the site of a rescue of two University of Colorado students on Friday evening, When people hear the term “1031 Exchange,” they often perceive it as ...
Taxes rarely make for exciting reading material, but 1031 exchange rules are a must-know if you own an investment property. Why? Because normally when you sell an investment property for more than ...
For the unfamiliar, a 1031 Tax Deferred Exchange is a key mechanism for taxpayers to maximize the sale of business and investment properties. For any current or aspiring real estate investor, this ...
Are you thinking about selling a business or investment property that could result in a substantial profit, and consequently, a large tax bill? You may be able to take advantage of a popular tax break ...
One proposal in President Joe Biden’s $1.8 trillion American Families Plan has been drawing close attention from concerned commercial real estate investors. It would place a $500,000 limit on 1031 ...
***Money is not a client of any investment adviser featured on this page. The information provided on this page is for educational purposes only and is not intended asinvestment advice Money does not ...
My heart goes out to all of those real estate investors who sold a property before COVID-19 struck. Most folks had it all planned out. They were going to avoid paying capital gains taxes on the sale ...
Q: Marsha, I own a single-family residence that has been a rental for many years. I purchased the house for $100,000, and I think I can sell for about $950,000. I’ve heard about “1031 exchanges” for ...
A 1031 exchange allows you to defer your capital gains and depreciation recapture taxes from an investment property by exchanging it with another property. It might sound complicated, but if you ...