1031exchangprop

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1031 Exchange Identification strategy to save taxes

1031exchangprop12 Nov, 2019Finance

Section 1031 of the IRC (Internal Revenue Code) specifies that the buyers or investors should identify the replacement properties within a period of 45-day.

What is a 1031 Exchange, Real Estate Exchange - Qualified Intermediary

1031exchangprop27 Aug, 2019Real Estate

1031 Exchange allows real estate investors to defer paying capital gains & potentially build wealth through real estate investing. Learn more with us.The most widely recognized type of 1031 Exchange is utilized for real estate, likely because of the expansive definition of what is considered �like-kind� for Real Estate Exchanges. Under this, any U.S. real estate property held by the client for productive use in a business or trade, or investment can be exchanged for any �like-kind� property, regardless of the grade or quality.

What is Qualified Intermediary -Fact to know about

1031exchangprop27 Aug, 2019Real Estate

�a Qualified Intermediary is named as the principal, which means that he is the person who is responsible for selling and buying properties on behalf of the investors.�