1031 exchange is the tax-deferred exchange under which the investor can defer the capital gain taxes on the exchange of like-kind properties. The term like-kind here means the properties that are similar in nature. The mandatory criterion for the 1031 … Read More
1031 Exchange
DOs and DON’Ts Of a 1031 Exchange
DOs: Hire a Qualified Intermediary to keep your exchange proceeds. If you get your hands on the proceeds from the sale of your relinquished property, it will disqualify your 1031 exchange. A Qualified Intermediary is an individual who handles 1031 exchange … Read More
How To Safeguard Your Investment From COVID-19 And Ensure Higher Returns?
How To Safeguard Your Investment From COVID-19 And Ensure Higher Returns? As the entire world is battling the current pandemic, financial worry escalates at a rapid pace. Whether stocks, bonds, or shares, monetary damage has been unfathomable in the last … Read More
Mistakes which can disqualify your 1031 Exchange – Like-Kind Rules & Regulations
Like-kind exchanges are an excellent way to defer capital gains and maximize your wealth. It allows investors to exchange real property in active usage either for business or investment purposes against a similar like-kind property and, in turn, delay paying … Read More
B.A.S.I.C.S. of 1031 Exchange
When selling a business and an investment property, a gain is realized, (Internal Revenue Code) I.R.C. Section 1031 provides an exception that allows the tax on the profit to be postponed if the investor invests the proceeds in like-kind property … Read More
How to Find the Right 1031 Exchange Property ?
How to Find the Right 1031 Exchange Property ? If you’re in the process of completing a 1031 exchange, you’ll notice that the 45-day identification period gets over instantly. The IRS has laid down specific guidelines on eligible properties for … Read More