While the world is still reeling from a global pandemic, the real estate market has become quite unpredictable: Many markets across the United States are seeing supply slow to a trickle, while the demand has become so high...
Category: 1031 Exchanges
1031 Exchange Benefits
December 22, 2014
The Internal Revenue Code, Title 26, Section 1031 states the following: “No gain or loss shall be recognized on the exchange of property held for productive use in a trade or business or for investment if such property...
What Is a 1031 Exchange?
December 22, 2014
Typically, when you sell business or investment real property, you’re required to pay capital gains tax on the sale. Taxes are a fact of life, but wouldn’t you prefer to defer paying your taxes if you could? 1031...