What Is 1031? also referred to as a 1031 Exchange or Like-Kind Exchange, and falls under Section 1031 of the Internal Revenue Code. This tax section deals with property value in sale of business or trades and other like sales. Contact us to get your property exchange prepared & filed by a qualified
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§ 1031. Exchange of property held for productive use or investment...Read more law >
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Exchange Formats
Like-Kind Exchanges
Tax Savings
Investment Property
Tax Codes
If you plan on utilizing Section 1031, you may do so with more than one property.
You can do so with up to three properties at once.
1031 Related News
IRS Tax Deferred Exchange
Acquisition of property by an exchange facilitator in connection with a section 1031 tax deferred exchange is subject to the real estate excise tax
Definition:
A project’s feasibility in terms of costs and revenue with excess revenue establishing the degree of feasibility.
Recapture
Definition:
That portion of the gain from the sale of real estate that is taxed at ordinary income tax rates. Calculated as the difference between the accelerated depreciation taken and the straight-line depreciation that would have been allowed.
Taxes
Definition:
As a part of PITI, the amount of the monthly mortgage payment which does not include the principal, interest, and insurance.