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Topic: 1031

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In the News (Mon 24 Jun 19)

  FAQs - FEA - 1031 Exchanges
Section 1031 of the Internal Revenue Code provides that no gain or loss shall be recognized on the exchange of property held for productive use in a trade or business, or for investment.
The theory behind Section 1031 is that when a property owner has reinvested the sale proceeds into another property, the economic gain has not been realized in a way that generates funds to pay any tax.
A Section 1031 exchange is one of the few techniques available to postpone or potentially eliminate taxes due on the sale of qualifying properties.
www.1031.org /about1031/faq.htm   (2763 words)

 WaMu 1031 Exchange - Home Page
At WaMu 1031 Exchange we recognize the power that a 1031 exchange represents for investors everywhere.
WaMu 1031 Exchange has the expertise, financial strength and dedication to customer care to ensure that your exchange is executed safely, precisely, and within the given time constraints each and every time.
WaMu 1031 Exchange is an affiliate of Washington Mutual, Inc. and its banking subsidiaries.
www.wamu1031x.com   (170 words)

  1031 Exchange Glossary
A 1031 Tax Deferral permits taxpayers to reinvest the proceeds from the sale of property held for investment or business purposes into another investment or business property, and defer capital gains tax that would otherwise be due on the initial sale.
The procedure outlined under Internal Revenue Code Section 1031 involving a series of rules and regulations that must be met in order to take full advantage of deferring capital gains tax on the sale of investment real estate.
§1031 tax-deferred exchanges are also commonly known as: Starker exchanges, delayed exchanges, like-kind exchanges, 1031 exchanges, section 1031 exchanges, tax-free exchanges, nontaxable exchanges, real estate exchanges, real property exchanges.
www.bayview1031.com /index.jsp?pageId=glossary   (1145 words)

  1031 Exchange Information Network - Qualified Intermediary for IRS Section 1031 Exchanges, Realty Exchangers, Inc. 1031
The §1031 tax deferred treatment of capital gains is one of the best real estate investor vehicles for preserving and building real estate wealth: This provision of the Internal Revenue Code allows property owners to exchange their property for other like-kind property without recognition of capital gains.
This regulation explaining how to put together the §1031 deferred real estate exchange is a powerful tool and strategy for selling appreciated business, farms, land, and investment real estate without recognition of gain for income tax purposes.
A lessee's interest in a lease for real property with a term of 30 years or longer is considered property of like-kind for purposes of §1031 and therefore may qualify for §1031 treatment.
www.irs1031exchanges.com /manual/book.shtml   (6830 words)

 1031 Exchanges - LakePlace.com
A 1031 tax deferred exchange is an investment tool utilized by a property owner to save thousands of dollars in capital gain taxes.
Although a 1031 exchange of property looks akin to a regular sale and purchase of property, in reality an exchange is quite different because the entire transaction is documented and facilitated as an exchange and not a sale.
By engaging in a 1031, a taxpayer is able to sell his or her property and purchase other property without losing equity to Uncle Sam in the form of taxes.
www.lakeplace.com /about/1031-exchanges   (456 words)

 Field Guide to 1031 Exchanges (NAR's Information Central)
Section 1031 of the U.S. Internal Revenue Code allows investors to defer capital gains taxes on the exchange of like-kind properties.
Your Realtor.org ID and password may be required.
Section 1031 provides advantage for swapping over selling
www.realtor.org /libweb.nsf/pages/fg408   (655 words)

 1031 Exchange
Internal Revenue Code Section 1031 provides that no gain or loss will be recognized on the exchange of any type of business use or investment property for any other business use or investment property.
Essentially, 1031 Exchanges should be thought of as an interest free loan from the IRS; one in which the principal may be increased through subsequent exchanges and may never require repayment, if you plan properly.
Many believe you must acquire a property of "similar use or service." While 1031 exchanges are also known as "like-kind" exchanges, like-kind simply applies to real property held for business use or investment.
landtechabstract.com /exchange.htm   (452 words)

 1031 Exchange | Section 1031 Tax Deferred Like Kind Exchange | IRC Section 1031 Tax Free Like Kind Exchange | Tax Free ...   (Site not responding. Last check: )
Section 1031 of the Internal Revenue Code (IRC) allows taxpayers to defer federal, and in most cases, state capital gain and depreciation recaputure income taxes by exchanging qualified, real or personal property (relinquished property) for qualified "like-kind" property (replacement property).
The vast majority of 1031 exchanges are delayed or forward like kind exchanges, sometimes referred to as starker exchanges or tax free exchanges (although it is important to note that these are tax-deferred exchanges and are not tax-free).
In a 1031 delayed exchange, there is a lapse of up to 180 calendar days between the time that the taxpayer disposes of his or her relinquished property and acquires his or her replacement property.
www.diversifiedexchange.com /1031_exchanges.asp   (706 words)

 1031 Exchanges
The Advantage of a 1031 Exchange is the ability of a taxpayer to sell income, investment or business property and replace with like-kind replacement property without having to pay federal income taxes on the transaction.
Section 1031 of the Internal Revenue Code is the basis for tax-deferred exchanges.
However, two-party exchanges are rare since in the typical Section 1031 transaction, the seller of the replacement property is not the buyer of the taxpayer's relinquished property.
www.marthadon.com /1031Exchange_Manual.htm   (459 words)

 Like-Kind Exchanges - Real Estate Tax Tips
Generally, if you exchange business or investment property solely for business or investment property of a like-kind, no gain or loss is recognized under Internal Revenue Code Section 1031.
If, as part of the exchange, you also receive other (not like-kind) property or money, gain is recognized to the extent of the other property and money received, but a loss is not recognized.
Section 1031 does not apply to exchanges of inventory, stocks, bonds, notes, other securities or evidence of indebtedness, or certain other assets.
www.irs.gov /businesses/small/industries/article/0,,id=98491,00.html   (274 words)

A 1031 - Like-Kind Exchange is a tax deferred exchange transaction under section 1031 of the Internal Revenue Code.
It is extremely important that the Qualified Intermediary be familiar with the requirements of the 1031 process and the pitfalls that may be faced.
Under section 1031 you may be able to sell property and replace it with property of "like kind" without having to pay tax on the gain.
www.kr-ba.com /1031.htm   (575 words)

 1031 Tax-Deferred Exchanges: Evolving Rules, Greater Opportunities - Tierra Grande (July 2002)
The key advantage of a 1031 exchange is that it allows an investor to dispose of a property without incurring a capital gain tax liability.
A seller hires a 1031 qualified intermediary (QI) to document the sale of a property as an exchange.
A 1031 reverse exchange is called for when the replacement property must be acquired before closing on the relinquished property (if for example, a prime property is listed in a hot market, investors would have to write a contract quickly to compete with other prospective buyers).
recenter.tamu.edu /tgrande/vol9-3/1567.html   (1352 words)

 1031 Exchange Properties, Tenants-in-Common (TIC) Properties, Capital Gains Tax
The FOR 1031 program specializes in institutional quality exchange properties for use in 1031 TIC real estate transactions.
The FOR 1031 program combines the monthly rental income advantage of a triple-net leased, single-tenant property with the appreciation (both in income and potential property value) advantages of a multi-tenant property.
The innovative team behind FOR 1031 has increased its offerings to meet the growing demands of the real estate marketplace, and changed the name of the company to better reflect all of the options available to real estate buyers.
www.spectrusgroup.com /classic.aspx   (159 words)

 1031 TIC | 1031 Replacement Properties | TIC
A 1031 TIC structure will allow investors to pool their resources and purchase larger, higher valued and better positioned properties than they might otherwise have access.
TIC 1031 tenant in common exchanges are typically handled through broker-dealers and are under the oversight of the Securities and Exchange Commission (SEC).
While there are 1031 TIC sales occurring outside of the SEC supervision, currently there is quite a bit of controversy over these properties and there may be a movement by the SEC to pull these properties under their regulatory umbrella.
www.navigar1031.com /selling/mechanics.htm   (981 words)

 Just Answer
1031 exchange - I inherited a 160 acres ranch in California.
IRS 1031 question - We owned a lot which was sold in Oct. 2000.
1031 exchange conversion - I have a property that was acquired by a 1031
www.justanswer.com /JA/ASP_ASK/FID_20/K_452/P_0/TR/1031.htm   (562 words)

 1031 Tax Deferred Exchange Explained
A 1031 exchange, also known as a Starker exchange or a tax-deferred exchange, permits investment property owners to sell a property and defer tax payments by reinvesting the proceeds into a "like-kind" investment property or properties.
In order to completely defer the payment of tax with your 1031 exchange, among other things, the replacement property must be of equal or greater value, and all the equity from the sold investment property must be reinvested in the new investment property or properties.
More importantly, completing a 1031 exchange with a Tenants In Common interest ownership in a property, also known as co-ownership of real estate (CORE), allows investors not only to defer their capital gains taxes, but also an opportunity to trade up to larger, institutional-grade properties.
www.1031exchangeoptions.com /1031-exchange.html   (187 words)

 1031 Exchange Attorneys
By using an exchange the investor is able to defer the recognition of capital gain taxes that would otherwise be incurred on the sale of investment property.
1031 exchange the relinquished and replacement properties must be qualified "like kind" properties and the transaction must be structed as an exchange.
1031 tax exchange complies with all applicable laws or if you are interested in other investment real estate options.
www.lawinfo.com /index.cfm/fuseaction/Client.lawarea/categoryid/48   (317 words)

 1031 Exchange - Comerica
Section 1031 of the IRS code permits investors to dispose of an existing property and acquire another "like-kind" investment without recognizing income on the transaction because the capital gains tax is deferred.
Through 1031 Exchange, we help you structure a safe deferral, with strategic reinvestment into the replacement property and a competitive return on the tax deferred proceeds.
Through 1031 Exchange Services we act as your Qualified Intermediary when you exchange one "like-kind" property for another, a strategy that permits the legal deferral of the capital gains tax.
www.comerica.com /vgn-ext-templating/v/index.jsp?vgnextoid=8c058376aa962010VgnVCM1000004302a8c0RCRD   (169 words)

 LandAmerica Financial Group,Inc. - Overview
According to Section 1031 of the tax code, if a taxpayer adheres to strict code guidelines, then all or a portion of the gains from the disposition of business or investment property can be deferred or reinvested into a new replacement property.
These deferred gains, as well as the gains from the new property, are not taxed until the new property is transferred and fails to qualify for tax deferral.
Since 1921, tax-deferred or “1031” exchanges have evolved from a simple but restrictive two-party swap to today’s highly strategic and sophisticated exchanges.
www.landam.com /1031   (267 words)

 IRC 1031
When you and your tax consultant have decided that a 1031 tax deferred exchange is best for you, First Guaranty Exchange will see to it that the transaction proceeds according to your plan.
The crucial elements of a 1031 tax deferred exchange are very much "in the timing." It is critical to have contacted and set up an exchange with First Guaranty Exchange before you transfer title to the relinquished property.
Pursuant to Section 1031 and the regulations, this cash may not be actually or constructively received by you.
www.firstam.com /firstguaranty/html/about/1100.html   (1081 words)

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