The 1031 exchange, popularly known as a tax-deferred exchange, is a common and straightforward strategy that offers significant advantages to the commercial property owners. To qualify for this section, the property exchanges must be held for the productive use in business, trade or for the investment purpose. Thanks to IRC 1031 exchange, the real estate …
The Pros And Cons Of The 1031 Tax Deferred Exchanges Read More »
In layman’s language, ‘Boot’ is defined as anything given in addition to. When it comes to 1031 exchanges, Boot is the cash or money saved at the end of the exchange. For example, say you sold your investment property for $500K. Now, to qualify for a 1031 exchange, you must reinvest $500K into another like-kind …
What Should You Do If You Come Across Boot In Your 1031 Exchange? Read More »
Best Options For A 1031 Exchange Property Section 1031 Exchange of the Internal Revenue Code permits a tax-deferred exchange of any real property in the United States against a like-kind property if the property is being utilized for investment. For example, a single-tenant property is eligible for a 1031 Exchange against a multi-tenant property. IRC …
