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1031 Exchange Properties
Largest selection of 1031-TIC Properties. Up-to-the-minute USA Database. /landing/property 1031 Exchange Experts Learn from the experts. Gain access to select TIC Properties Nationwide. /landing/experts 1031 Exchange-REIT Learn about 1031-REIT Exchanges. Exchange into a REIT 100% Tax Free! /landing/REIT 1031 Oil and Gas Increase Cash Flow, Decreased Risk, Inflation Hedge, Diversification. /landing/oil_gas 1031 Exchange-TIC Info Difficulty Finding NNN Property? Consider NNN Tenant in Common. /landing/tic Section 1031 Exchange Explained
Section 1031 Exchange ExplainedInternal Revenue Code allows a property owner of investment investment property to exchange investment property and defer paying federal and state capital gain taxes (20%+ applicable state taxes) in the event that they purchase a like-kind investment property. A tax-deferred exchange is a method by which a property owner trades one or more relinquished investment properties for one or more replacement investment properties of like-kind, while deferring the payment of federal income taxes and some state taxes on the transaction. The theory behind internal revenue code is that when a property owner has reinvested the sale proceeds into another investment property, the economic gain has not been realized in a way that generates funds to pay any tax. In other words, the taxpayer's investment is still the same, only the form has changed (e. g. vacant land exchanged for apartment building). Therefore, it would be unfair to force the taxpayer to pay tax on a paper gain.Contact a specialist today for a more thorough explanation and for advice relating to your personal circumstances.
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