What Is 1031? also referred to as a 1031 Exchange or Like-Kind Exchange, and falls under Section 1031 of the Internal Revenue Code. This tax section deals with property value in sale of business or trades and other like sales. Contact us to get your property exchange prepared & filed by a qualified
Tax Deferred Exchanges
professional.
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ยง 1031. Exchange of property held for productive use or investment...Read more law >
Related Hot Topics
Selling Property
Like-Kind Exchanges
Capital Gains
Starker Exchanges
Investing
You may be wondering how long Section 1031 has been around for.
1031 Exchange has been around for a long time. In fact, it is reported to have begun as far back as the 1920s.
1031 Related News
IRS Tax Deferred Exchange
Acquisition of property by an exchange facilitator in connection with a section 1031 tax deferred exchange is subject to the real estate excise tax
Definition:
Development costs other than direct material or direct labor costs including administrative and office expenses, financing costs and property taxes.
Non-Conforming Loan
Definition:
A loan that does not conform to Federal National Mortgage Association (FNMA) or Federal Home Loan Mortgage Corporation (FHLMC) guidelines. Jumbo loans are nonconforming.
Negative Amortization
Definition:
A situation in which a borrower is paying less interest than what is actually being charged for a mortgage loan. The unpaid interest is added to the loan's principal. The borrower may end up owing more than the original amount of the mortgage.