JD Supra: Practical 1031: What is an Internal Revenue Code Section 1031 Like-Kind Exchange?
Question: What is an Internal Revenue Code Section 1031 Like-Kind Exchange? Answer: Section 1031 of the Internal Revenue Code allows a taxpayer who owns business or investment real estate to “exchange ...
Practical 1031: What is an Internal Revenue Code Section 1031 Like-Kind Exchange?
JD Supra: Client Alert: “Let’s 1031 that building for another” Section 1031 Like-Kind Exchanges — What It Is and How It Works in Practice
Client Alert: “Let’s 1031 that building for another” Section 1031 Like-Kind Exchanges — What It Is and How It Works in Practice
A Section 1031 like-kind exchange is an Internal Revenue Code provision that allows a person to not pay tax on a gain when selling real property to reinvest in real property of equal or greater value.
RC section 1031 permits the tax-free exchange of like-kind property. If the transferor receives “boot” (such as cash) in addition to the like-kind property, the boot is currently taxable. The ...
A 1031 Like-Kind Exchange, named after Section 1031 of the U.S. Internal Revenue Code, is a strategic investment tool that allows real estate investors to defer capital gains tax on the sale of a ...
Smart Business Magazine: How to use like-kind exchanges to avoid tax on disposition of real property
How to use like-kind exchanges to avoid tax on disposition of real property
The Fiscal Year 2016 Budget proposes a modification of like-kind exchange transactions. As in the Fiscal Year 2015 Budget, the Administration proposes to limit the amount of capital gain deferred ...