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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,...

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...