In general, in the case of non-retirement funds, if an individual sells their business or investment property and ultimately gains from this, then they must pay tax on that gain. However, there is an ...
Like-kind real estate exchanges, or 1031 exchanges, have been an integral part of real estate investment for many years, dating back to the Revenue Act of 1921. While these rules have evolved over ...
For real estate investors, taxes are an inevitable part of the game. However, a 1031 exchange named after Section 1031 of the IRS tax code can help you defer capital gains taxes under certain ...
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In the context of a 1031 exchange, “boot” refers to the portion of a transaction that doesn’t meet the tax-free criteria and thus becomes subject to immediate capital gains tax. Forms of boot might ...
Dear Liz: My husband and I are selling a commercial property for $600,000 and we have capital gains questions. Our Realtor said that we have 90 days to buy another property but suggested we don’t make ...
In a time of great uncertainty, it is a relief to be sure about one thing: the meaning of “real” — at least as it applies to commercial real estate transactions. What qualifies as real property, ...
If you are a real estate investor, aspire to be an investor one day or are a licensed agent or broker who works with investors, you should understand how a Section 1031 exchange works. Most investors ...
A 1031 exchange allows you to defer your capital gains and depreciation recapture taxes from an investment property by exchanging it with another property. It might sound complicated, but if you ...