In our last blog, we discussed the benefits of the 1031 exchange. This IRS rule allows property owners to delay paying capital gains taxes if they trade their property for a like-kind property. If both your old and new properties are used for business or held as an investment, you may qualify for a 1031 […]
Parting Ways on Property Investments: How Partnerships Can Leverage the 1031 Exchange Read More »
If you own a business or investment property, deciding when to sell it can be complicated, in part because of the hefty taxes you will have to pay on the profit or “gain” from that sale. What if there was a way to delay taxation by simply trading one property for another? This is the
In a previous blog, we discussed the benefits of the 1031 exchange. This IRS rule allows property owners to defer capital gains taxes when they trade a property for a like-kind property. So if your client has a property that is used for business or held as an investment and exchanges it for another property
Tax Deferral Strategies for Real Estate: Using the 1031 Exchange in Partnerships Read More »
A common conversation with clients is how to minimize taxes on their investments. When it comes to business or investment properties, taxpayers may be hesitant to sell, even if the investment is turning out to be an unprofitable one, because doing so will mean paying a sizable capital gains tax. What other options are available?
Tax Deferral Strategies for Real Estate: Basics of the 1031 Exchange Read More »