Category: Real Estate
1. Like-Kind Property Definition – Investopedia
Like-kind properties are real estate assets of a similar nature that can be exchanged without incurring any tax liability under Section 1031 of the Internal Tax (1)…
Special Rules for Depreciable Property — In real estate, a 1031 exchange is a swap of one investment property for another that allows capital gains taxes to (2)…
For real property transactions (rental houses, farmland, office buildings, strip malls, etc.) the “like-kind” requirement does not mean selling and buying (3)…
2. What Is a 1031 Exchange? The Basics for Real Estate Investors
Like-kind property is defined according to its nature or characteristics, not its quality or grade. This means that there is a broad range of exchangeable real (4)…
Aug 17, 2021 — While these rules have evolved over time, the core purpose has remained the same: 1031 exchanges allow real estate investors to defer capital (5)…
How a Section 1031 Like-Kind Exchange Works The exchange rules permit the deferral of taxes, so long as the taxpayer satisfies numerous requirements and (6)…
3. The Definition of Like-Kind Property in a 1031 Exchange | Blog
“Like-kind property is property of the same nature, character or class. Quality or grade does not matter. Most real estate will be like-kind to other real (7)…
According to the Internal Revenue Service, property is like-kind if it’s the same nature or character as the one being replaced, even if the quality is (8)…
4. Like-kind exchanges of real property: New final regs.
Apr 1, 2021 — Sec. 1031(a)(1) provides that no gain or loss shall be recognized on the exchange of real property held for productive use in a trade or (9)…
Like-kind refers to the nature of the investment rather than the form. Any type of investment property can be exchanged for another type of investment property.(10)…
Jun 30, 2021 — For example, an exchange of commercial real estate for a ranch or farm is considered an exchange of like-kind property. Due to the broad (11)…
To defer paying capital gains taxes using a 1031 like-kind exchange, your replacement property must be of the same kind as the property sold. You also must hold (12)…
What is property of “like kind”? — A like-kind exchange can involve the exchange of one business for another business, one real estate (13)…
5. What is considered “Like-Kind” Property for a 1031 exchange?
Any real estate held for productive use in a trade or business or for investment – whether improved or unimproved – is considered “like-kind.” Improvements to (14)…
This section provides that capital gains taxes can be deferred in cases of exchanges of property held for productive use in a trade or business or for (15)…
Jul 23, 2020 — Internal Revenue Code Internal Revenue Code (IRC) Section 1031 defines like-kind property as any property held for investment or use in (16)…
6. 1031 Exchange Rules: How To Do A 1031 Exchange In 2021?
Aug 17, 2021 — Property owners may exchange real estate held for investment for another property of like-kind and so long as the properties are held for (17)…
A 1031 exchange, named after Section 1031 of the tax code, can defer capital gains taxes on a sale of investment property by reinvesting in similar (18)…
May 18, 2016 — Share · Selling or exchanging property generally triggers capital gains tax if the asset’s value has grown. · But Section 1031 provides that (19)…
An exchange is a real estate transaction in which a taxpayer sells real estate held for investment or for use in a trade or business and uses the funds to (20)…
7. LIKE-KIND EXCHANGES OF REAL ESTATE | Kaplin Stewart
Feb 27, 2020 — IRC § 1031 is one of the few exceptions under Federal tax law to the requirement that gain be taxed on the disposition of property. Real estate (21)…
What is a 1031 exchange? Section 1031 of the IRC falls under the headline Like-Kind Exchanges. It involves exchanging real estate properties of “like-kind” in (22)…
Resources to assist counsel for purchasers, sellers, and investors in understanding, negotiating, and closing a 1031 like-kind exchange of real estate.(23)…
8. Reporting like-kind exchanges | FTB.ca.gov
Sep 22, 2021 — Report like-kind exchanges when you exchange property for other An exchange of one or more California real properties for one or more (24)…
Since 1921, the tax code has allowed taxpayers to defer capital gain when exchanging real property used in a trade or business for property of a like kind. The (25)…
26 U.S. Code § 1031 – Exchange of real property held for productive use or investment. U.S. Code; Notes; State Regulations. prev | next.(26)…
9. Review the Fundamentals of Section 1031 Like-Kind Exchanges
To qualify, property owners must exchange real or personal property (relinquished property) for other property of a like-kind (replacement property).(27)…
Relinquished properties and like-kind replacement properties that are part of a single like-kind exchange transaction must qualify as like-kind property to each (28)…
10. 1031 Exchanges: What You Need To Know | Quicken Loans
May 5, 2021 — A 1031 exchange allows you to sell one investment or business property and buy another without incurring capital gains taxes – as long as (29)…
A like-kind exchange is an exchange of property held for investment or for productive use in your trade or business for like-kind investment property or trade (30)…
Properties do not need to be the same type. For example, raw land can be exchanged for an office building, a warehouse can be exchanged for NNN retail property, (31)…
May 5, 2021 — 1031 Exchange rules specifically identify the following property types as not like kind to real estate assets: inventory or stock in trade, (32)…
In the context of real estate, like-kind exchanges are valid between and among several different types of investment property, including bare land, commercial (33)…
NMHC/NAA Viewpoint Congress rightly retained like-kind exchanges for real property as part of the Tax Cuts and Jobs Act enacted in late 2017.(34)…
International investors with investment properties can benefit from a 1031 exchange, which allows and investor to postpone paying capital gains taxes due (35)…
The Qualified Intermediary for your exchange. Under Section 1031 of the Internal Revenue Code (IRC), owners of business or investment properties, (36)…
In a like-kind exchange (also called a Section 1031 exchange), you can defer paying taxes upon the sale of property by swapping your property for similar (37)…
Oct 15, 2021 — A 1031 exchange is named after Section 1031 of the IRS tax code, which allows investors to avoid capital gains taxes on real estate sales (38)…
Excerpt Links
(1). Like-Kind Property Definition – Investopedia
(2). 1031 Exchange Rules: What You Need to Know – Investopedia
(3). What is qualified like kind property in a 1031 Exchange?
(4). What Is a 1031 Exchange? The Basics for Real Estate Investors
(5). Limiting like-kind exchanges and what that means for the real …
(6). Like-Kind Exchange – National Association of REALTORS®
(7). The Definition of Like-Kind Property in a 1031 Exchange | Blog
(8). 6 Steps to Understanding 1031 Exchange Rules – Stessa
(9). Like-kind exchanges of real property: New final regs.
(10). Frequently Asked Questions (FAQs) About 1031 Exchanges
(11). Like-Kind Exchanges To Be Limited Under Biden’s Tax …
(12). Like-Kind Property: What Qualifies and What Doesn’t
(13). Like-kind exchange – Wikipedia
(14). What is considered “Like-Kind” Property for a 1031 exchange?
(15). Like-Kind Exchanges | NAIOP
(16). Understanding the “Like-Kind” Requirement in 1031 Exchanges
(17). 1031 Exchange Rules: How To Do A 1031 Exchange In 2021?
(18). 1031 Exchange: Like-Kind Rules & Basics to Know – NerdWallet
(19). The Tax Loophole of 2016: Like-Kind Exchange – Center on …
(20). Exchanges Under Code Section 1031 – American Bar …
(21). LIKE-KIND EXCHANGES OF REAL ESTATE | Kaplin Stewart
(22). Are you eligible for a 1031 exchange? – First American Blog
(23). 1031 Like-Kind Exchange of Real Estate Toolkit | Practical Law
(24). Reporting like-kind exchanges | FTB.ca.gov
(25). Like-kind Exchanges | The Real Estate Roundtable
(26). 26 US Code § 1031 – Exchange of real property held for …
(27). Review the Fundamentals of Section 1031 Like-Kind Exchanges
(28). Like-Kind Replacement Property Discussed – Exeter 1031 …
(29). 1031 Exchanges: What You Need To Know | Quicken Loans
(30). Tax Reform and the Change to IRS Code Section 1031 Like …
(31). Like Kind Exchange Example – Realized 1031
(32). What Qualifies as Like-Kind Property in a 1031 Exchange?
(33). Like-Kind Requirements for 1031 Exchanges
(34). Like-Kind Exchanges Fact Sheet – NMHC
(35). 1031 Exchanges for Foreign Real Estate Investors – H&CO …
(36). IRC Section 1031 Like-Kind exchange – Wells Fargo
(37). Delay Taxation With 1031 (Like-Kind) Exchanges – Nolo
(38). What investors need to know about 1031 exchanges – Mynd
