What is a 1031 exchange?
In the realm of real estate investments, tax strategies can significantly enhance profitability by deferring liabilities. One of the most effective tools available to real estate investors in the Unit ...
How do I calculate the basis of the replacement property in a 1031 exchange?
One crucial aspect of executing a successful 1031 exchange is understanding how to calculate the basis of the replacement property. The basis determines the value upon which future depreciation, gains ...
Can I use a 1031 exchange if I’m selling property located in one state and buying property in another?
Are you considering a 1031 exchange but wondering if you can execute it across state lines? The good news is that you can use a 1031 exchange if you're selling property in one state and buying propert ...
What Are the Time Limits for Completing a 1031 Exchange?
If you're considering a 1031 exchange to defer taxes on your investment property, it's essential to understand the time limits involved. While this tax-deferral strategy offers significant benefits, s ...
Can I use a 1031 exchange if I’m selling property held in a partnership or LLC?
If you're selling property held in a partnership or limited liability company (LLC), you may be wondering: Can I use a 1031 exchange to defer taxes on the sale? The answer is yes, but navigating the c ...
What are the tax consequences if I fail to meet the requirements of a 1031 exchange?
Embarking on a 1031 exchange can be a powerful strategy for deferring taxes on your investment property. However, it's essential to understand the potential tax consequences if you fail to meet the st ...
Do I need to use a qualified intermediary for a 1031 exchange?
If you're considering a 1031 exchange to defer taxes on your investment property, you may be wondering: Do I need to use a qualified intermediary? The short answer is yes, and understanding the role o ...
Can I use a 1031 exchange for vacation or second homes?
If you own a vacation or second home and are considering selling it, you may be wondering: Can I use a 1031 exchange to defer taxes on the sale? While 1031 exchanges are commonly associated with inves ...
What are the rules regarding the identification and selection of replacement properties in a 1031 exchange?
Navigating the rules regarding the identification and selection of replacement properties is a critical aspect of a successful 1031 exchange. Understanding these rules and implementing effective strat ...
Can I use a 1031 exchange to defer taxes on multiple properties?
If you're an investor with multiple properties in your portfolio, you may be wondering: Can I use a 1031 exchange to defer taxes on multiple properties? The short answer is yes, but there are specific ...