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Under Section 1031 of the Internal Revenue Code, like-kind exchanges involving qualifying real estate are eligible for indefinite tax deferral. However, this only applies to the proceeds from the sale of the “relinquished...

Conducting a like-kind exchange with the help of a 1031 qualified intermediary provides an opportunity to indefinitely defer tax liability on gain realized from the exchange. When seeking to take advantage of indefinite tax...

Section 1031 of the Internal Revenue Code (IRC) allows taxpayers to indefinitely defer federal income tax liability resulting from qualifying real estate transactions. To claim tax deferral under Section 1031, taxpayers must...

Buying, renovating, and reselling real estate (commonly referred to as “flipping”) can be a highly profitable business endeavor. With interest rates remaining high, investors who can pay cash for aging properties often...

The primary benefit of conducting a 1031 exchange is that it allows for deferral of the capital gains tax that would otherwise be owed as a result of selling a “relinquished” property. This is commonly referred to as...

Section 1031 of the Internal Revenue Code allows taxpayers to use like-kind exchanges to indefinitely defer capital gains tax liability on the sale of real property that has appreciated in value. The definition of...

When it comes to dealing with the Internal Revenue Service (IRS), you cannot afford to make mistakes. This is especially true when you are claiming a substantial reduction in your tax liability under Section 1031. While...

Today, many people have a significant amount of equity in their homes. The median sale price of houses sold in the United States has risen by approximately 31 percent over the past five years, and it has nearly doubled since...

The 1031 like-kind exchange rules allow businesses and investors to indefinitely defer capital gains tax on qualifying real estate transactions. A 1031 exchange is an extremely valuable tool, and savvy business owners and...

Conducting a 1031 exchange provides the opportunity to indefinitely defer federal income tax liability on capital gains from the sale of a qualifying property. By working with a 1031 exchange company, businesses and investors...