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If you're a real estate investor, then you've probably heard of a 1031 exchange. Its name comes from Section 1031 of the Internal Revenue Service's (IRS) tax code. It describes how investors can delay having to pay capital gains taxes when they sell an investment...
If you're planning on selling an investment property any time soon, it's likely that you'll gain a significant amount of profit when you do. If you allow this profit to become a source of income for you, it will mean that you'll be subject to capital gains tax.Many...
A 1031 exchange, otherwise known as a like-kind exchange, is a way that property investors and business owners can defer their income tax regarding profits made when buying and selling properties. This can be an extremely lucrative way to flip properties and to...
Investing in property is widely viewed to be a great strategy for profitability. Whether you are intending to invest in rental properties or want to start developing and flipping real estate, there's a good chance that you will be able to profit significantly from...
A 1031 or like-kind exchange is quite attractive among real estate investors because it gives them a way to defer their tax obligation by using the proceeds from the sale of their original home to purchase a new one within a set amount of time.There are certain steps...
A 1031 exchange is a hugely important way for property investors to defer capital gains tax. Capital gains taxes can prevent investors from having the capital to make new, lucrative investments after a sale. This is why so many successful investors swear by 1031...
The amount of taxes that you have to pay when you sell off your Florida home can be quite high. This is why many sellers take time to apprise themselves of the different tax savings options that they can pursue to minimize their tax burden. The 1031 exchange is often...
There are advantages and disadvantages to any decision that you make. When these decisions have implications on purchases that are hundreds of thousands of dollars, it is important that your decision is well-thought out and thoroughly researched.It's common for real...
Like-kind exchanges, otherwise known as 1031 exchanges, are a great way for property investors to defer capital gains taxes. By engaging in a like-kind exchange, you will need to show that the profit you made from the selling of a property will be directly invested...
An increasing number of people are choosing to invest in property. When done right, it can be a lucrative way to gain a significant income with relatively little effort. However, if you do not take action to find alternatives to paying capital gains taxes, your profit...