Discover the benefits of swapping like-kind properties under IRS 1031 rules to avoid capital gains taxes, and learn about ...
Internal Revenue Code Section 1031, which permits taxpayers to defer recognition of gain on the exchange of certain property, provides that no gain or loss shall be currently recognized on the ...
As a general rule, a taxpayer’s exchange of one property for another property is treated as a taxable event; the gain realized by the taxpayer – meaning the amount by which the fair market value of ...
The founder of a local film studio has installed concrete barricades at the southwest DeKalb parkland he acquired in a controversial property swap with the county. The move by Ryan Millsap and ...
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1031 Exchange Rules: How To Defer Taxes When You Sell Investment Property
Looking to sell an investment property but don’t want to pay taxes on the profit right away? That’s exactly where the 1031 ...
The IRS focuses on your investment intent—there’s no official minimum holding period for a 1031 exchange property. Most tax advisors recommend holding the property for at least one to two years to ...
A 1031 exchange is a transaction sanctioned by the U.S. Internal Revenue Service that allows a seller to “swap” one “like-kind” investment property for another when buying one of equal or greater ...
Lawmakers in many states are seeking to rein in rising property tax bills and discovering that it's not easy, especially if offsetting tax increases are part of the discussion. Governors and lawmakers ...
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