We assume you to be aware of the term ‘1031 exchange’. In case you aren’t, a 1031 exchange is a real estate exchange process that allows investors to differ capital gains taxes. Generally, on exchanging one property for another ‘like-kind’ … Read More
How Beneficial Is 1031 Exchange For Investors?
You can use a 1031 exchange to defer 100% capital gains tax if you reinvest the proceeds from the previous or relinquished property into another like-kind property. Using a 1031 exchange, investors can defer capital gains taxes, which they otherwise … Read More
Use Section 1033 To Recover Seized Real Estate
Section 1033 of IRC allows a taxpayer to defer capital gains taxes on exchanging ‘like-kind’ properties. Unlike a 1031 exchange, where the taxpayer sells the relinquished property first and then uses the proceeds to purchase a replacement property, in a … Read More
How Should You Approach Your 1031 Property Identification?
A real estate investment can excite you to a great extent. However, it would help if you studied it as an investor before investing. Otherwise, you will find yourself in a no man’s land at some point in time during … Read More
DSTs Are Widely Popular 1031 Exchange Replacement Options
A Delaware Statutory Trust is a trust which owns investment properties. As per the 1031 rules, DST assets can be acquired as 1031 replacement properties. DSTs own, operate, administer, and sell income-producing assets. DSTs are established by Delaware State Law. … Read More
A 1031 Exchange Can Help You Tackle Landlord Responsibilities
Last week I had paid a visit to Trevor’s office building, Metropolitan Square, located in Houston, Texas. Trevor was carrying out some maintenance work in the building. Trevor Buchanan is a businessman and master real estate investor. Trevor has seven … Read More