Lawmakers in many states are seeking to rein in rising property tax bills and discovering that it's not easy, especially if offsetting tax increases are part of the discussion. Governors and lawmakers ...
Knowing the 1031 exchange rules for real estate and taxes will come in handy if you're an investor. Here's the details you'll ...
A 1031 exchange is a transaction sanctioned by the U.S. Internal Revenue Service that allows a seller to “swap” one “like-kind” investment property for another when buying one of equal or greater ...
The IRS focuses on your investment intent—there’s no official minimum holding period for a 1031 exchange property. Most tax advisors recommend holding the property for at least one to two years to ...
It is a basic principle of the income tax that the gain or loss realized by a taxpayer from the conversion of property into cash, or from the exchange of property for other property that differs ...
Federal law gives a commercial real estate investor up to 180 days to complete a 1031 exchange: 45 days to identify a new property and another 135 days to complete the purchase. This is usually an ...