The term Like-kind properties are not specifically defined in the tax code. IRC Section 1031 doesn’t restrict “like-kind” property to certain types of real estate. Any real property that is held for productive use in a trade or business or for investment is known as “like-kind” property. The term refers to the Character or natureContinueContinue reading “What qualifies as like-kind realty under IRC section 1031?”
Monthly Archives: October 2019
Should You Be Doing a 1031 Exchange On Your Investment Property Instead Of Selling It Out?
An ideal investment is one that not only guarantees a steady flow of income but also creates possibilities for higher returns. An investor can’t ask for more if all these benefits come with an added advantage of tax deferment. A 1031 exchange makes all these things possible. 1031 Exchange Definition Section 1031 of IRC, commonlyContinueContinue reading “Should You Be Doing a 1031 Exchange On Your Investment Property Instead Of Selling It Out?”
1031 Exchange Experts, 1031 Exchange Property for Sale 