like kind exchanges

Like Kind Exchange Examples

Posted on | by Andy Gustafson | Leave a Comment on Like Kind Exchange Examples

Like kind exchange examples represent the variety of real and personal property eligible for Internal Revenue Code (IRC) Section 1031 tax deferred exchanges. Nearly every week I am surprised by those not familiar with the fact that tangible and intangible personal property held for productive use in a trade, business or for investment qualify for the capital gains tax deferral strategy. Like kind examples range from livestock, gold bullion, business aircraft and equipment to any type of real property.

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Like-Kind Exchange Insight

Posted on | by Andy Gustafson | Leave a Comment on Like-Kind Exchange Insight

Like-Kind ExchangeThe term “like-kind exchange” describes the federal and state capital gains tax deferral strategy requirement of an Internal Revenue Code (IRC) Section 1031 tax deferred exchange that properties exchanged must be like-kind to one another. A 1031 exchange effectively defers the gain triggered by the sale that can represent upwards of 40 percent of the property’s sales price. The like-kind exchange represents an indefinite, interest free loan that is due when the replacement property is sold, unless the basis is stepped up to the taxpayer’s heirs or another like-kind exchange is initiated.

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Three Benefits of a 1031 Exchange

Posted on | by Andy Gustafson | Leave a Comment on Three Benefits of a 1031 Exchange

1031 Exchange Vacation PropertyA 1031 exchange enables a taxpayer, both United States resident and non-resident foreigner, to defer capital gains and recaptured depreciation taxes when exchanging real and personal held for productive use in a trade, business or for investment property for like-kind real and personal property. The tax deferral can represent upwards of 40 percent of the property’s sale price.

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1031 Exchange Properties for Sale

Posted on | by Andy Gustafson | Leave a Comment on 1031 Exchange Properties for Sale

1031 Exchange Properties for SaleLooking for 1031 exchange properties for sale? Do you have a property you would like to sell? Smart property owners should routinely evaluate whether to sell and replace their properties to benefit from greater cash flow, appreciation, depreciation and diversification. Internal Revenue Code Section 1031 allows the property owner to defer the capital gain and recaptured depreciation taxes given replacement property of equal or greater value is acquired within 180 calendar days. The 1031 exchange provides a tax deferral that is an indefinite, interest free loan available to any property owner. The property must be held for productive use in a trade, business or for investment.

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