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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...

Successfully completing a 1031 exchange provides the opportunity to achieve significant tax savings when buying and selling like-kind properties. But, to achieve these tax savings, you need to take several steps—and to show...

When a property owner decides to sell, it has two main options: It can conduct a traditional sale, or it can conduct what is known as a “1031 exchange.” While conducting a 1031 exchange isn’t an option in all scenarios,...

Section 1031 is a provision in the Internal Revenue Code (IRC) that allows taxpayers to defer recognizing gain on qualifying like-kind exchanges when they work with a 1031 qualified intermediary. This tax deferral can carry...

1031 exchanges allow property owners to sell their properties and reinvest the proceeds into like-kind property while deferring the capital gains tax on the sold property. But the story does not end there; there are several...

1031 exchanges offer a myriad of benefits to those who take advantage of them, but those benefits are not without strings attached. First, there are strict limits on the types and values of properties for which 1031 exchanges...