A 1031 exchange, also known as a Starker Trust, is used by a real estate investor who wants to sell an investment property he or she owns but does not want to pay any taxes. A 1031 exchange allows the seller of investment property to defer taxes by purchasing another property that costs at least as much as the property he or she is selling. There are very strict rules for using 1031 exchanges, and if you blog the deadlines or rules, the 1031 will not be valid. Typically, you’ll need a third-party company to hold your 1031 funds (you’ll want to choose this company carefully) and a real estate attorney that you hire to protect your interests. This topic page is the nerve center for hundreds of articles and videos about 1031 exchanges. These articles discuss the nuances of selling property tax-free using a 1031 exchange. You can use the topic cloud on the right navigation to further refine your search.
A 1031 exchange can be used for investment property other than real estate. Learn why to use a 1031 tax exchange from NES Exchange expert Julianna A. Clementi-Ryan. She talks about how a 1031 exchange can keep you from paying taxes on the profit you make from selling your investment.
A real estate investor asks what to do now that his 1031 exchange company in California has closed its doors. The real estate investor may not be able to get his funds back. Who can the real estate investor contact regarding the 1031 exchange company that went out of business?
When a real estate investor wants to defer taxes on a sale, he might opt for a 1031 exchange. In a 1031 exchange, the investor purchases a similar investment property to replace the original property, and is able to defer any taxes owed. The proceeds from the sale of the original property are held by a 1031 exchange company. 1031 exchange companies are not regulated and some have stolen real estate investors' funds. You can use a 1031 exchange for other kinds of investments including artwork, antique cars and valuable baseball cards. How can you find a reputable 1031 exchange company?
If you own a property and want to avoid paying certain taxes when you sell, consider a 1031 exchange. When you do a 1031 exchange with a qualified intermediary, you can defer the payment of taxes. Find out how some key points for 1031 exchanges here.
If you own investment property and want to sell it and cut your tax bill, consider a 1031 exchange. A 1031 exchange allows you to defer paying taxes. Which taxes can be deferred using a 1031 exchange?
A restaurant building owner asks about avoiding capital gains tax when using a 1031 exchange. You can minimize taxes depending on how your 1031 exchange is structured. Is a 1031 tax exchange right for you?
One possibility to defer tax liability when selling a property is a 1031 tax exchange or a Starker exchange. A 1031 tax exchange involves buying a new property within 180 days. You should also have a knowledgeable real estate attorney that is familiar with 1031 exchanges.
Siblings inherit apartment buildings and ask about a 1031 exchange. They want to do a 1031 exchange to keep the same property tax bill. To do a 1031 exchange, you have to replace property with the same value or more.
A 1031 tax deferred exchange helps investment property owners sell property and purchase another without paying capital gains tax. The 1031 exchange mechanism allows you 45 days to find and designate a replacement property and, in most cases, 180 days to close on the purchase of the replacement property. There are many companies that act as a 1031 intermediary, but you need to do your research first.
When using a 1031 exchange to convert investment property into a primary residence, a homeowner must wait at least three years. Before converting from an investment property to a primary residence, make sure you understand the IRS rules to shield capital gains tax.