1031 Exchange Guide -- Info Guide to the 1031 Tax Exchange for Real Estate
1031 Exchange Guide -- Info Guide to the 1031 Tax Exchange for Real Estate |
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Tax Deferral Using a 1031 ExchangeIt can be frustrating wading through online information on the 1031 tax exchange and how it can benefit you. This website will help you become familiar with several real estate, tax-deferred exchanges. In this way, you can be better educated when contacting a qualified intermediary for a 1031 exchange. A 1031 exchange allows you to defer the payment of capital gains taxes associated with real estate transactions. By selling one property and buying a higher-priced property, you can also get additional depreciation deductions, which can act to increase your after-tax income. Only a few simple rules must be followed in order to qualify a real estate transaction as a 1031 exchange. First, only property held for business or investment purposes can be used in a 1031 exchange, and both properties in the transaction must be of "like kind". Like kind property is real estate or other tangible property that is similar in nature or classification. |
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