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 ...
It doesn’t have to be! A 1031 exchange refers to a tax-deferral strategy in real estate, outlined in the Internal Revenue ...
The IRS's definition of a “like-kind” property ... If it's less, you might have to pay taxes on the difference. Completing a 1031 exchange requires careful planning and attention to detail.
which unfortunately can't be exchanged under the Internal Revenue Code IRC 1031 and can't be used to acquire real estate of a like kind. However, a partnership can still do a 1031 exchange of ...
As the Ides of April approach for individual tax filers, a mad dash to find tax savings is underway. Many real estate investors and professionals are quite familiar with the tax saving potential ...
Interested real estate professionals can get more details on the program and sign up here. Equity 1031 Exchange is a Qualified Intermediary (QI) under IRS Section 1031, specializing in facilitating ...
Section 1031 of the Internal Revenue Code allows you to avoid taxes on investment property when you buy another property – if you follow the rules. There are four major types of 1031 exchange ...
A 1031 exchange sounds great on paper ... capital gains taxes indefinitely if you continued exchanging for what the IRS calls "like-kind properties." In practice, however, it can be challenging ...
In April 2021, President Biden announced the “American Families Plan,” which included some significant tax law changes. Among the proposed changes included in the “American Families Plan ...