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A 1031 exchange is a real estate transaction where you trade a business-use property or one held as an investment property for a "like kind" property. 1031 Exchange Rules: Deadlines, Benefits and ...
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 ...
Continue reading → The post Real Estate: 1031 Exchange Examples appeared first on SmartAsset Blog. When investors want to diversify their portfolios, they often consider real estate. But if you ...
1031 Exchange Another strategy to reduce your tax bill on real estate investments is through a 1031 exchange. By using a 1031 exchange, investors can swap one real estate investment property for ...
1031(e) stipulates that livestock of different sexes do not qualify for like kind exchange. 1031(h)(1) stipulates that real property outside the United States and real property located in the United States are not of like kind. The sale of the relinquished property and the acquisition of the replacement property do not have to be simultaneous.
An investor decides to sell investment property and do a 1031 exchange. He contacts a qualified intermediary (QI) and they enter into an agreement. The investment property is placed on the market. An offer to purchase the investment property is accepted and signed by the QI. Escrow for the sale is opened, and a preliminary title report is produced.
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