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Section 1.1031 of the Internal Revenue Code provides for the deferral of capital gain taxes. read more2 weeks ago
Now that the sales of Real Estate have ticked up, the question becomes can I 1031 Exchange new properties held less than one year? The big question the IRS asks is intent. What was your intent with the property and do you intend to make this a long term hold? Unfortunately for us, the IRS does not tell us exactly how ...3 weeks ago
The 1031 exchange (net net net) deal is actually a popular home form in business real estate. This means that the tenant is responsible for all 3 — the tax, insurance coverage as well as the maintenance. These deals have helped the part-time investor who seeks no management duty. Investors Read More »4 weeks ago
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