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 investment property and reinvest the ...
Learn the critical rules for 1031 exchanges when swapping farmland, dealing with family members or converting property to ...
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 ...
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 ...
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% ...
Investing in real estate can be a highly profitable enterprise. Unfortunately, real estate investors know that it comes with the same cost as most other forms of investment: taxes. Fortunately, unless ...
The Internal Revenue Service has handed investors and second-home owners a new gift. It’s in the form of a safety net that allows taxpayers to swap property via a Section 1031 tax-free exchange even ...
Question: I have a second home that I rent out. I now have equity of about $100,000. I would like to sell that house and build a fourplex using a 1031 tax-deferred exchange. Because of the 180-day ...
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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 ...