1031 exchange is an exchange that got its existence from section 1031 of the IRC (Internal Revenue Code). When the property investor decides for an investment, he can choose 1031 exchange as an option. Under this, an investor can sell … Read More
1031 exchange rule
How To Perform A Successful 1031 Exchange?
The relinquished and replacement properties must be ‘like-kind.’ As per the IRS, ‘properties are considered like-kind if they are similar in nature or character, irrespective of grade or quality.’ 1031 exchange rules state that the relinquished property and the replacement … Read More
How To Quickly Identify 1031 Exchange Replacement Property?
A 1031 exchange is an investment strategy that lets investors defer capital gains taxes on the sale of a property. As per the rules, if an investor reinvests entire sale proceeds into another like-kind property, they can defer capital gains … Read More
1031 Exchange Rule An Incredibly Easy Method That Works For All
1031 Exchange Rule an incredibly easy method that works for all According to IRC Section 1031, the 1031 exchange allows an investor to sell a property, and to reinvest the proceeds of the sale to buy a new property and … Read More