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Section 1031 of the Internal Revenue Code (IRC) is a powerful tool for companies and individuals that invest in real estate. Under Section 1031, real estate investors can buy and sell properties without recognizing...

Conducting a 1031 exchange affords the opportunity to indefinitely defer recognizing gain (and thus indefinitely defer paying tax) when selling one real estate asset in order to acquire another. However, there are many...

In a typical 1031 exchange, you sell one property (the “relinquished property”) in order to buy another (the “replacement property”). But what if you identify the ideal replacement property before you can sell the...

Section 1031 of the Internal Revenue Code allows taxpayers to indefinitely defer gain on the sale of real estate held for business or investment purposes. As a general rule, this means that Section 1031 does not apply to...

The Tax Cuts and Jobs Act of 2017 was one of the most sweeping pieces of federal tax legislation in decades. It overhauled the federal tax code in numerous respects—making changes that were both beneficial and detrimental...

Conducting a 1031 exchange offers the opportunity to achieve significant tax savings. But, mistakes along the way can prevent you from claiming the tax benefits available under Section 1031 of the Internal Revenue Code (IRC)....

Conducting a 1031 exchange allows you to indefinitely defer tax liability on capital gains from the sale of the relinquished property. But, this assumes two things: (i) that you conduct your 1031 exchange appropriately and...

Conducting a like-kind exchange under Section 1031 of the Internal Revenue Code (IRC) can help you achieve significant tax savings when buying and selling two (or more) pieces of real property. But, in order to achieve this...

Conducting a like-kind exchange under Section 1031 of the Internal Revenue Code (IRC) can significantly reduce your tax bill. However, strict rules apply, and failing to comply with these rules can result in denial of...

While Section 1031 of the Internal Revenue Code allows taxpayers to indefinitely defer tax liability on the sale of certain assets, it only applies when a taxpayer exchanges one “like-kind” property for another. As a...