Topic: 1031 Exchange
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What is a 1031 Exchange?
A 1031 exchange is a simple method of selling a property and the accquisition of having another property in a descent time frame. The property does have to pass certain standards. Read More »
Source: http://answers.ask.com/Business/Finance/what_is_a_1031_exchange
How does a 1031 Exchange Work?
In a 1031 exchange, the property being purchased must be of like-kind as the property being disposed. Any tax that might be due on the gain is deferred to a future date. To find more information click here: http://www.1031.org/about1031/faq... Read More »
Source: http://answers.ask.com/Business/Finance/how_does_a_1031_exchange_...
How to Qualify for a 1031 Exchange
In its simplest form, a 1031 exchange is defined as an exchange of property. It is a strategy used to defer the payment of taxes on capital gains. In general, this only applies to the sale of "like-kind" property for use in trade, business ... Read More »
Source: http://www.ehow.com/how_5040574_qualify-exchange.html
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1031 Exchange
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The Internal Revenue Code Section 1031, also known as the 1031 Property Exchange, allows investors to defer tax consequences for purchasing or selling like-kind property. Not all property is covered under this tax code.
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Source: http://www.ehow.com/facts_7310834_1031-property-exchange_.html
A 1031 exchange is a real estate tax-deferred transaction following IRS Code Section 1031. For a 1031 exchange to qualify as tax-deferred, like assets must be exchanged within a 45 day period from the sale of one to the purchase of the othe...
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Source: http://www.ehow.com/how_5067778_consider-exchange.html
If you are investing in an eligible asset class, such as real estate, and want to retain your capital, you may want to consider 1031 exchanges. They allow you to defer your capital gains and keep all of your equity invested.
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Source: http://www.ehow.com/facts_7940194_1031-exchange-transaction.html
Section 1031 of the United States Internal Revenue Code allows you to legally defer federal taxes on an exchange of property held for productive use in business, trade or for investment. Here is how to perform a 1031 exchange:
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Source: http://www.ehow.com/how_2072175_perform-a-exchange.html
A 1031 real estate exchange, also commonly called a "like-kind" real estate exchange, is a way to change properties without paying federal income tax when you sell the first piece of property. Basically, it is a smart way to defer income ta...
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Source: http://www.ehow.com/about_5468347_real-estate-exchange.html
1 Hire a professional attorney or accountant who understands this part of the tax code inside and out . 2 Sell your current property, land or 'like' asset 3 Use a 1031 exchange accommodator to hold your 'exchange money' in escrow while you ...
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Source: http://www.wikihow.com/Perform-a-1031-Construction-Exchange
