First, let's cover some of the basic rules that govern 1031 exchanges. A 1031 exchange is a tax-deferred exchange where a taxpayer sells one or more assets held for productive use in a trade or ...

It has been a while since we did a post on Section 1031 exchanges. Tax Reform eliminated the ability for using a tax-deferred exchange on personal property. For farmers in states without an income tax ...

Like-kind real estate exchanges, or 1031 exchanges, have been an integral part of real estate investment for many years, dating back to the Revenue Act of 1921. While these rules have evolved over ...

With a 20-year career working in cost segregation, fixed assets and depreciation laws, I’ve seen quite a bit. My team and I have helped clients large and small navigate tax cuts, tax increases, new ...

At its core, a 1031 exchange is designed to accomplish one simple goal: to avoid taxes. But owners turn to 1031 exchanges to carry out a variety of business strategies. A retail owner might use an ...

Forbes contributors publish independent expert analyses and insights. Roger Valdez writes about housing economics and policy. During my time working with and for real estate investors, I heard about ...

As the adage goes, “Don’t do business with relatives.” If a taxpayer enters into a Section 1031 tax-deferred real property exchange (an “Exchange”) with a relative or with a “related person” the adage ...

The enactment of the law known as the Tax Cuts and Jobs Act (TCJA), P.L. 115-97, amended Sec. 1031 to apply only to exchanges of real property. Because of this change, the exchange of personal ...

David Joseph Hoppock is a freelance and healthcare technology specialist. He has 3+ years of experience writing about personal finance. Ebony Howard is a certified public accountant and a QuickBooks ...

One proposal in President Joe Biden’s $1.8 trillion American Families Plan has been drawing close attention from concerned commercial real estate investors. It would place a $500,000 limit on 1031 ...

Each state in our union handles state taxation of 1031 exchanges differently, as each state has its own requirements pertaining to state tax withholding, clawback rules, filing deadlines and other ...

Here’s the good news: The real estate your about-to-retire client owns has increased in value significantly since they bought it. The not-as-good news: If they were to sell that property, they’d ...