Search results
Results From The WOW.Com Content Network
A 1031 exchange allows you to defer capital gains taxes on an investment property sale—as long as you purchase a similar property with the proceeds.
A 1031 exchange, named after Section 1031 of the tax code, can defer capital gains taxes on a sale of investment property by reinvesting in similar property.
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 that is the same...
The sale of a 1031 exchange property must be done properly, or it could nullify your tax deferment. Below, we’ll review what happens when you sell a 1031 exchange property so you can ensure that your sale and simultaneous exchange go off without a hitch.
A 1031 exchange allows property owners to "swap" one investment or business property for another of equal or greater value while deferring capital gains tax and avoiding depreciation recapture. This tax break lets you upgrade to a higher-priced property without a significant tax bill.
A 1031 exchange allows real estate investors to swap one investment property for another and defer capital gains taxes, but only if IRS rules are met.
Section 1031 is a federal tax provision that allows a business or investment property owner to defer federal taxes on the gains from the sale of property if the proceeds are reinvested in other...
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.
If you plan to sell an investment property and want to defer paying a barrage of taxes— including capital gains —a 1031 exchange may suit your needs. We spoke with experts to get answers to ...
A 1031 Exchange allows investors to defer capital gains tax that would otherwise be incurred on the sale of investment property. It's important to understand the implications of this tax deferral and how it impacts your investment strategy .