Ads
related to: 1031 exchange costsassistantmagic.com has been visited by 10K+ users in the past month
discoverpanel.com has been visited by 10K+ users in the past month
Search results
Results from the WOW.Com Content Network
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.
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 ...
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 1031 exchange, also called a like-kind exchange, ... The basis is usually the original cost, less the value of the land, plus improvements less depreciation, though there are exceptions.
1031 exchange You can also take advantage of a 1031 exchange. Known as a like-kind exchange, it only works if you sell the investment property and use the proceeds to buy another similar property.
The role of a QI is defined in Treas. Reg. §1.1031(k)-1(g)(4). Under IRC Section 1031 an owner of business or investment property may exchange that property for other like-kind property within a statutorily mandated period of time, and defer current recognition of gain on the sale of the old property.
Ads
related to: 1031 exchange costsassistantmagic.com has been visited by 10K+ users in the past month
discoverpanel.com has been visited by 10K+ users in the past month