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 ...

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 ...

Like-kind real estate exchanges, or 1031 exchanges, have been an integral part of real estate investment for many years, dating back to the Revenue Act of 1921. While these rules have evolved over ...

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.

At its core, a 1031 exchange is designed to accomplish one simple goal: to avoid taxes. But owners turn to 1031 exchanges to carry out a variety of business strategies. A retail owner might use an ...

With a 20-year career working in cost segregation, fixed assets and depreciation laws, I’ve seen quite a bit. My team and I have helped clients large and small navigate tax cuts, tax increases, new ...

Due to a 2017 change to I.R.C. section 1031, some taxpayers will now owe tax with respect to exchanged personal property. In their Real Estate Financing Column, Ezra Dyckman and Aaron Gaynor discuss ...

If you own investment property – such as a house, condo, apartment building or commercial property that you rent out – you usually have to pay a capital gains tax on the profits when you sell the ...

First, let's cover some of the basic rules that govern 1031 exchanges. A 1031 exchange is a tax-deferred exchange where a taxpayer sells one or more assets held for productive use in a trade or ...

Here’s the good news: The real estate your about-to-retire client owns has increased in value significantly since they bought it. The not-as-good news: If they were to sell that property, they’d ...

The enactment of the law known as the Tax Cuts and Jobs Act (TCJA), P.L. 115-97, amended Sec. 1031 to apply only to exchanges of real property. Because of this change, the exchange of personal ...

It has been a while since we did a post on Section 1031 exchanges. Tax Reform eliminated the ability for using a tax-deferred exchange on personal property. For farmers in states without an income tax ...