How savvy investors use 1031s to defer capital gains and build wealth Robert Wood Tax is an attorney at WoodLLP. He is also the author of more than 30 books and numerous articles. David Kindness is a ...
Question: What is an Internal Revenue Code Section 1031 Like-Kind Exchange? Answer: Section 1031 of the Internal Revenue Code allows a taxpayer who owns business or investment real estate to “exchange ...
Discover how a 1031 exchange works to defer capital gains taxes on real estate. Learn the rules, timelines, and strategies to ...
If you’re a serious real estate investor, you probably know about tax-deferred Section 1031 exchanges, AKA like-kind exchanges. They allow you to swap appreciated real property for other real property ...
Internal Revenue Code Section 1031, a federal statute for deferring capital gains tax, is used in as many as 20% of commercial real estate transactions. Despite this, misunderstandings about this ...
The New Year brings with it a welcomed tax change to Pennsylvania: the recognition of Internal Revenue Code (IRC) Section 1031 like-kind exchanges. Under the federal tax rules, gain or loss is ...
If you’re a real estate investor, you know that real estate comes with some unique tax advantages. One of the most beneficial tax strategies is using a 1031 exchange to postpone paying capital gains ...
Many tax professionals misunderstood the rules governing IRC section 1031 tax-deferred exchange transactions between related parties. This is not surprising since the IRS’s intentions had been unclear ...