Question: What is an Internal Revenue Code Section 1031 Like-Kind Exchange? Answer: Section 1031 of the Internal Revenue Code allows a taxpayer who owns business or investment real estate to “exchange ...

How savvy investors use 1031s to defer capital gains and build wealth Robert Wood Tax is an attorney at WoodLLP. He is also the author of more than 30 books and numerous articles. David Kindness is a ...

Businessman holds a folder while standing next to a businesswoman viewing an apartment building. A 1031 exchange is potentially most impactful for those who own or profit from holding real property.

Regarding “New Proposal Takes Aim at Real-Estate Tax Loophole” (U.S. News, April 29): A 1031 like-kind exchange has never been a tax loophole. Like-kind exchanges allow investors to exchange one ...

You’ve seen the Section 1031 final regulations promulgated in 2020, and now this panel will cover the implications for deals. How will the definition of “real property” impact taxpayers’ choice of ...

If you are a real estate investor, aspire to be an investor one day or are a licensed agent or broker who works with investors, you should understand how a Section 1031 exchange works. Most investors ...

A 1031 real estate exchange, also known as a like-kind exchange, is a tax-deferral strategy used by real estate investors to defer capital gains taxes on the sale of an investment property. Named ...

Pennsylvania still presents a somewhat complicated landscape for IRC Section 1031 like-kind exchanges. However, it has moved in the right direction in conforming to the federal tax treatment for such ...

Question: When you sell a duplex where you live in one unit and the other unit is a rental, do you have to do a 1031 tax-deferred exchange or would part of the duplex be classified as a personal ...

Internal Revenue Code Section 1031, a federal statute for deferring capital gains tax, is used in as many as 20% of commercial real estate transactions. Despite this, misunderstandings about this ...