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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...

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,...