1031 Exchange Experts is the leader of companies with information on the rules, requirements and guidelines of investment real estate, which are 1031 properties by definition.
|
|
 |
|
|
Nationwide, Toll-Free:
866-694-0204
Anytime, day or night, 24/7,
even weekends!
|
|
|
|
|
| Bare Bones Basics of a 1031 exchange |
|
 |
by Elaine Brockman
for 1031 Exchange Experts, LLC |
|
When
investment real estate is sold, payment of capital gains
tax can be deferred IF the taxpayer does a 1031 safe exchange.
In other words, instead of selling the property for cash, the taxpayer
exchanges it for a like-kind property. In a 1031 exchange, “like-kind” means
exchanging one investment property for another investment property.
A 1031 exchange is NOT ‘a-sale-and-a-purchase,’ but
an exchange of one property for another. There must be a written
exchange agreement that shows that ALL the steps, from the transfer
of the old property to the receipt of the new, is part of an
overall plan. That plan being the 1031 exchange.
For transparency, you should
be able to see your funds online, 24/7.
The rules for an exchange are
not complex, but they are strict:
|
1) The real property must be held for long-term investment—not
for quick turnaround or just for personal use. |
|
2) You have 45 days to identify what you are going to buy. |
|
3) The whole exchange mu... |
|
|
|
|
|
|
|
1031News This
Week |
 |
05/26/2012 |
|
|
|
|
 |
Gary Gorman
Founder, Managing Partner, 1031 Exchange Experts,
LLC |
|
Bifurcate: a verb meaning to divide into two branches or parts.
It's not uncommon for a real estate transaction to have two or more parts that are governed by different code sections. The one we see most often is the sale of a property that involves both 1031 investment property and a....
Read
the rest of, "Bifurcating a 1031 Exchange:
Cutting an exchange transaction into separate parts" here....
| Recent articles: |
| • |
|
| • |
|
| • |
|
| • |
|
| • |
|
080311
TRANSPARENCY: you can see your funds, online,
24/7. |
|
080311
|
|
|
This Week's TEE-Shot |
|
05/30/2012 |
|
 |
|
 |
|
|
Some real estate transactions benefit from section 1031 of the tax code because it's used in a business. Others properties benefit from the section 121 exclusion because it exempts gain on the sale of their personal residence. Still others benefit from neither, but you might be sitting on property that maximizes the benefits of ... BOTH!
It's accomplished using a procedure called 'bifurcation,' which means splr....
...to read the
rest of "Bifurcation: the best of both worlds" subscribe
to Tee-Shots |
|
|
|
1031 Exchange Experts, LLC, specialize
in SAFE EXCHANGES. |
| 080211 |
|
|
|
|
|
