1031 Exchange: What Is The Two-Year Holding Rule?
Tuesday, March 15
When related parties exchange property and want to qualify for tax-deferred treatment under section 1031, special rules apply to the transaction. These special rules were implemented by the IRS to try and curb basis shifting abuse between related parties. One of the most important rules to know a...
1031 Exchanges - Not Just For Real Property
Monday, March 14
For many non-professional investors, 1031 exchanges are used primarily for real estate transactions. However, the IRS code also allows for a variety of personal property to qualify, too. In fact, personal property exchanges are just as common as real property exchanges.Where it gets complicated, ...
Which Real Estate Interests Qualify For A 1031 Exchange?
Friday, March 11
For many investors, a 1031 exchange involves simply exchanging one parcel of real property for another “like-kind” property. A basic exchange of this type has allowed thousands of non-professional investors to reap the benefits offered by a 1031 exchange.However, IRS code allows for many other re...
What Is "Like-Kind" In A 1031 Exchange?
Thursday, March 10
A 1031 exchange can offer powerful tax-deferral benefits to an investor, but only when stringent IRS rules are met. One of these requirements is that the relinquished property and replacement property involved in the 1031 exchange are “like-kind.”In many transactions, “like-kind” is fairly straig...
Basic Types of Exchanges
Tuesday, March 08
The phrase “1031 Exchange” is often thrown about as a catch-all for any property exchange that qualifies under section 1031 of the IRS tax code. However, there are actually several different types of 1031 exchanges, each of which brings with it a unique set of IRS rules and requirements.Simultane...
The Math on Your 1031 Exchange:You Need To Know About taxes & Gains
Monday, February 15
There are several important things you should know before doing a 1031 exchange. First of all, the exchange needs to be considered in kind. This can be a relatively broad term that you should all still negotiate with a real estate investment expert to ensure that your properties are being exchang...