Can I use a 1031 exchange to convert rental property into a primary residence?
Are you considering converting rental property into your primary residence? If so, you might be wondering: Can I use a 1031 exchange to facilitate this transition? While the rules surrounding such con ...
What types of properties qualify for a 1031 exchange?
If you're considering a 1031 exchange as a strategy for deferring taxes on your investment property, one of the first questions you may have is: What types of properties qualify for a 1031 exchange? U ...
Can I use a 1031 exchange to acquire property with a lower mortgage or debt than the relinquished property?
Are you considering a 1031 exchange but unsure if you can acquire property with a lower mortgage or debt than your relinquished property? The answer is yes, and it's one of the strategic advantages of ...
What is a reverse 1031 exchange, and how does it work?
Have you heard of reverse 1031 exchanges and wondered how they work? Reverse exchanges offer a unique opportunity for real estate investors to defer taxes while acquiring replacement properties before ...
Can I use a 1031 exchange if the property is under contract but hasn’t closed yet?
If you're in the process of selling a property and considering a 1031 exchange, you might wonder if you can proceed with the exchange while the property is still under contract but hasn't closed yet. ...
Are there any changes to 1031 exchange rules under current tax laws?
As a savvy investor exploring the benefits of a 1031 exchange, you may be wondering: Are there any changes to 1031 exchange rules under current tax laws? Staying informed about regulatory updates is c ...
What is a build-to-suit or improvement exchange, and how does it differ from a standard 1031 exchange?
Are you considering a 1031 exchange but need to make improvements to your replacement property? A build-to-suit or improvement exchange might be the solution. Let's delve into what build-to-suit or im ...
How does a 1031 exchange work?
Navigating the complexities of real estate investments can be daunting, especially when it comes to managing capital gains taxes. However, a 1031 exchange offers a strategic avenue for deferring these ...
How do I report a 1031 exchange on my tax return?
If you've completed a 1031 exchange, you might be wondering how to report it on your tax return. Proper reporting is crucial to ensure compliance with IRS regulations and maximize the tax benefits of ...
Can I use a 1031 exchange if I’m selling vacant land and purchasing income-producing property?
Are you considering selling vacant land and reinvesting in income-producing property? Using a 1031 exchange could be the key to unlocking tax benefits and maximizing your investment potential. Let's d ...