Question: What is an Internal Revenue Code Section 1031 Like-Kind Exchange? Answer: Section 1031 of the Internal Revenue Code allows a taxpayer who owns business or investment real estate to ...

As the Ides of April approach for individual tax filers, a mad dash to find tax savings is underway. Many real estate investors and professionals are quite familiar with the tax saving potential ...

Section 1031 of the Internal Revenue Code allows you to avoid taxes on investment property when you buy another property – if you follow the rules. There are four major types of 1031 exchange ...

Investing in real estate can be a highly profitable enterprise. Unfortunately, real estate investors know that it comes with the same cost as most other forms of investment: taxes. Fortunately ...

1031 is one of the few Internal Revenue Code sections, like 401(k) and 501(c)(3), that have worked their way into the vocabulary of people who are not tax geeks. Code Section 1031 provides that ...

This like-kind exchange—named after Internal Revenue Code Section 1031—allows for the exchange of like property with no other consideration, or payment, or like property including other ...

One of the most attractive real estate tax benefits available in the U.S. is the like-kind exchange, which is governed by Section 1031 of the Internal Revenue Code. About one-third of all ...

Enter the 1031 Tax Deferred Exchange. Specifically, the tax code referring to 1031 exchange rules in IRC Section 1.1031 ... and the Internal Revenue Code does not state a specific time a property ...

Boot can also come in the form of non-qualified property, meaning any that is not considered like-kind under Section 1031 of the Internal Revenue Code. This might include stocks, bonds ...

Partnership interests fall under the definition of personal property, which unfortunately can't be exchanged under the Internal Revenue Code IRC ... for this is that Section 1031 requires that ...

The Internal Revenue Code outlines how much individuals and ... of general interest to the tax-professional community. Each section provides detailed information for taxpayers on how and when ...

In April 2021, President Biden announced the “American Families Plan,” which included some significant tax law changes. Among the proposed changes included in the “American Families Plan ...