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August 30, 2023 at 3:17 PM. ... The replacement property must meet the same standards, but for the two years following the exchange. All other rules surrounding a 1031 exchange apply.
Section 1031(a) of the Internal Revenue Code (26 U.S.C. § 1031) states the recognition rules for realized gains (or losses) that arise as a result of an exchange of like-kind property held for productive use in trade or business or for investment. It states that none of the realized gain or loss will be recognized at the time of the exchange.
Learning what a 1031 exchange is can allow you to defer taxes on the gains each time you trade investment properties, which allows you to reinvest more of the proceeds each time you trade. But, if ...
A 1031 exchange allows certain real estate investors to defer capital gains taxes when selling one investment property and reinvesting proceeds from the sale into another similar property. Taxes ...
A like-kind exchange under United States tax law, also known as a 1031 exchange, is a transaction or series of transactions that allows for the disposal of an asset and the acquisition of another replacement asset without generating a current tax liability from the sale of the first asset. A like-kind exchange can involve the exchange of one ...
Texas High School (THS) is a public high school in Texarkana, Texas, United States. It is part of the Texarkana Independent School District and is classified as a 5A school by the University Interscholastic League. For the 2021–2022 school year, the school was given a "B" by the Texas Education Agency. [2]
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