What Constitutes “Like|Kind” in a 1031 Exchange?
What is qualified like kind property in a 1031 Exchange? | IPX1031
Nearly all real property is like-kind to each other. There is a two-pronged test for properties to qualify for IRC §1031 tax-deferral treatment.
How Do I Know If A Property Is “Like-Kind” Under Section 1031? | JTC
As the nation's most trusted 1031 exchange accommodator, JTC has experience as a QI for many types of 1031 exchanges, including complex ...
Like-kind exchanges - Real estate tax tips | Internal Revenue Service
A transition rule in the new law provides that Section 1031 applies to a qualifying exchange of personal or intangible property if the taxpayer ...
What Constitutes “Like-Kind” in a 1031 Exchange? - Accruit
For 1031 exchange purposes, all real property is generally “like-kind” to all other real property, and, despite many misconceptions out there about the nature ...
Like-Kind Property: Definition and IRS 1031 Exchange Rules
Like-kind property refers to two real estate assets that can be swapped without incurring capital gains taxes.
1031 Exchange Rules: What Can Qualify as Like-Kind Property
1031 exchanges allow investors to defer capital gains taxes on the sale of investment properties through an exchange of like-kind replacement property(ies). The ...
Like-Kind Exchanges Under IRC Section 1031 - IRS
Gain deferred in a like-kind exchange under IRC. Section 1031 is tax-deferred, but it is not tax-free. The exchange can include like-kind property exclusively ...
Like-Kind Property: What Qualifies and What Doesn't - 1031Gateway
What is Like Kind Property? ... Like kind properties are real estate assets that qualify under Section 1031 of the Internal Revenue Code for exchange and for the ...
1031 Exchange: Do You Know Your 'Like-Kind' Options? | Kiplinger
Tenancy-in-common (TIC) investments involve multiple investors coming together to purchase a property collectively. Since each tenant is a ...
Like-kind exchanges of real estate: Back to basics - The Tax Adviser
The decrease in equity represents cash boot and is taxable in the year received. The taxpayer's basis in the replacement property is increased ...
The Definition of Like-Kind Property in a 1031 Exchange
Like-kind property is property of the same nature, character or class. Quality or grade does not matter. Most real estate will be like-kind to other real ...
What Is a 1031 Exchange? Know the Rules - Investopedia
A 1031 exchange is a tax break. You can sell a property held for business or investment purposes and swap it for a new one that you purchase for the same ...
Like-Kind Requirements for 1031 Exchanges
It allows for the deferral of capital gain tax if such property is exchanged solely for property of "like-kind". Contrary to what many people believe, "like- ...
Managing real estate capital gains with like-kind exchanges ...
Reverse 1031 exchanges, where the new property is acquired before the existing property is sold, are also allowed. While the basics of completing a reverse ...
What is a Like-Kind 1031 Exchange?
In a 1031 exchange, real property must be exchanged for like-kind real property and real property is not considered like-kind to personal property.
Like-kind exchanges of real property - Journal of Accountancy
1031 exchange agreement within 180 days from the date of the original transfer of relinquished property or the due date (determined with regard ...
Like-Kind Exchanges Under IRC Section 1031: A Primer
What happens if a taxpayer is under contract to purchase property instead of selling it? A 1031 exchange can still be structured. Exchanges in ...
6 Steps to Understanding 1031 Exchange Rules - Stessa
#1: Understand How the IRS Defines a 1031 Exchange ... Real estate investors making like-kind exchanges generally aren't required to recognize a gain or loss ...
Like-Kind Exchange - National Association of REALTORS®
A 1031 Exchange is a powerful tax-deferral strategy for real estate investors, allowing them to defer capital gains taxes by reinvesting the proceeds from the ...
1031 Exchange: Definition and Rules - NerdWallet
A 1031 exchange, named after section 1031 of the US Internal Revenue Code, is a way to postpone capital gains tax on the sale of a business or investment ...