A 1031 exchange allows certain real estate investors to defer capital gains taxes when selling one investment property and reinvesting proceeds from the sale into another similar property. Taxes are ...
Explore the intricacies of 1031 Like-Kind Exchanges, their types, benefits, tax implications, and potential risks to maximize real estate investment returns.
You’ve owned rental properties for years, and while they’ve been good to you, they have also been a lot of work. You’re ready for a change … one that doesn’t leave you with a big tax bill on the sale ...
In the context of a 1031 exchange, “boot” refers to the portion of a transaction that doesn’t meet the tax-free criteria and thus becomes subject to immediate capital gains tax. Forms of boot might ...
Kiah Treece is a former attorney, small business owner and personal finance coach with extensive experience in real estate and financing. Her focus is on demystifying debt to help consumers and ...
If you want to add investment real estate to your portfolio, you may want to know what a 1031 Exchange is. While the rules and regulations for this tactic can get complicated, understanding the basic ...
Patrick Grimes is the founder of Invest on Main Street, a private equity firm managing passive multifamily investments in emerging markets. Back when you started your real estate investment business, ...
To continue reading this content, please enable JavaScript in your browser settings and refresh this page. On April 28, 2021, President Joe Biden revealed a slew of ...
Real estate investors seeking to minimize capital gains tax exposure while simplifying their investment strategy now have access to a streamlined alternative to traditional 1031 exchanges. This ...
The accounting rules for the Pennsylvania Personal Income Tax do not follow the Federal Tax Code. Instead, they follow generally accepted accounting principles. The Pennsylvania Department of Revenue ...