A 1031 exchange allows certain real estate investors to defer capital gains taxes when selling one investment property and reinvesting proceeds from the sale into another similar property. Taxes are ...
In the context of a 1031 exchange, “boot” refers to the portion of a transaction that doesn’t meet the tax-free criteria and thus becomes subject to immediate capital gains tax. Forms of boot might ...
You’ve owned rental properties for years, and while they’ve been good to you, they have also been a lot of work. You’re ready for a change … one that doesn’t leave you with a big tax bill on the sale ...
As investors increasingly leverage Section 1031 exchanges to defer capital gains taxes, nuanced scenarios involving interest income on exchange proceeds require careful analysis. A critical but often ...
In general, in the case of non-retirement funds, if an individual sells their business or investment property and ultimately gains from this, then they must pay tax on that gain. However, there is an ...
To continue reading this content, please enable JavaScript in your browser settings and refresh this page. On April 28, 2021, President Joe Biden revealed a slew of ...
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Real estate owners have limited options to pull cash out of a 1031 exchange without having to pay income tax. With proper tax planning, this problem can be solved with a cost segregation study. The ...
Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation. If you are about to file your tax return, should you claim 1031 ...
When a taxpayer exchanges a Midtown office building for apartment complexes in Williamsburg, or a SoHo retail building for a warehouse in Long Island City, that taxpayer is largely thinking about the ...
For the past year the real estate investment community has feared that, among other things, the 1031 Tax Deferred Exchange could be on the chopping block under a Democrat administration. First, a ...