While 1031 exchanges can seem complicated and daunting, using a 1031 exchange can help you avoid paying large amounts of capital gain taxes when selling an investment property to buy another investment property.
A 1031 exchange is a tax-deferred exchange that allows an investor to sell a property and use the proceeds to purchase a like-kind property, thereby deferring the payment of capital gains taxes. However, there are several mistakes that investors can make with 1031 exchanges
There are several misunderstood facts about capital gains that real estate investors should be aware of when buying, selling, or exchanging properties.
Investing in rental properties can be a lucrative venture, but it is important to manage your properties well in order to attract quality tenants who will pay the fees that you desire. By implementing the following strategies and techniques, you can increase your rental property cash flow without sacrificing satisfaction among your tenants...
The 1031 Exchange process, also known as a "like-kind exchange," is a tax strategy that allows real estate investors to defer paying capital gains taxes on the sale of a property by using the proceeds to purchase one or more replacement properties.
As with any investment decision, there may be times when a property owner changes his or her mind and no longer wants to go through with a planned 1031 Exchange. When this happens, it is important for investors to understand their options and the consequences of backing out of the process.
A 1031 Exchange is a powerful tool that allows property owners to defer paying taxes on the sale of their property. As a CPA, it’s important to understand the basics of how a 1031 Exchange works so that you can provide your clients with the best possible advice.
Deciding whether to sell or rent your investment property can be a difficult choice. A Texas 1031 agent takes a look at these pros and cons in detail.
Investing in real estate can be one of the most rewarding and lucrative investments you can make. However, it’s not always easy - especially for new investors who are not aware of the common mistakes they should avoid.
A 1031 exchange is a powerful tool for real estate investors. It allows you to defer paying capital gains taxes on the sale of an investment property by reinvesting the proceeds into a new property. But what happens if you miss a deadline when completing a 1031 exchange?
As a savvy real estate investor, it’s important to have a clear understanding of the different types of taxes you may be liable for. In this blog post, we’re going to clear up any confusion around real estate taxes and capital gains.
If you're thinking of buying a rental property, congratulations! Rentals can be a great way to earn some extra income and build your wealth over time. But before you dive in, there are a few things you need to know.
In recent years, Congress has tightened up the 1031 Exchange process and has limited its use solely to “like-kind” real estate.
In order to complete a 1031 Exchange, there are strict timelines that you must abide by through various stages of the process. Missing one of these key dates could forfeit your ability to do a 1031 Exchange.
Every so often, it’s wise for real estate investors to review their portfolios and take an objective look at the performance of their holdings. If there are properties that are not bringing the ROI that the investor desires....
Many landlords enjoy the passive income that comes from renting out their properties. However, there is some risk involved in holding a rental property for too long. So how can you tell when it's time to sell your rental property? There are a few things to consider.
If you're looking for a way to leave a lasting legacy for your heirs, real estate is a great option. Not only will your heirs receive the properties you pass down to them, but they'll also benefit from any appreciation that occurs over time.
When it comes to selling assets for a profit, it's important to be aware of capital gains taxes. Essentially, if you sell an asset for more than you paid for it, you may be subject to paying capital gains tax on the profit. This can include anything from stocks and bonds to real estate or even your car.
As any savvy investor knows, deferring taxes is a key part of building wealth. And that's exactly what Section 1031 of the Internal Revenue Code enables business owners and investors to do.
A 1031 Exchange is a great way to invest in real estate without incurring capital gains taxes. However, there are some restrictions on what types of property can be exchanged.
Brazos County attorney and 1031 intermediary Chris Peterson shares the 5 most important questions to ask before you decide to flip your first house.
When you sell a capital asset for more than it cost when you purchased it, you experience a capital gain. Capital assets include equities, bonds, precious metals, gems, and property.
Many investors are unsure of how long they should keep their tax records pertaining to a 1031 Exchange. Do you hold them for a few years, 10 years, or forever? We'll discuss how long to keep your tax documents when you engage in this type of transaction.
When starting the 1031 Exchange process, real estate investors express concern about the IRS requirement that a property be exchanged for one that is "like-kind." They wonder, "what does like-kind really mean?" and "how similar must the properties be to qualify?"
A 1031 Exchange is a great tool for real estate investors who are looking to defer their capital gains taxes. However, there are a few things you should know before you try to do one.
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