Nov 22 How to Ruin a Like-Kind Exchange
I had a taxpayer call me about the sale of a rental property. Here's the big mistake he made that cost him big $$$ because it couldn't be structured as a 1031 exchange....
Nov 22 Understanding IRC Code Section 1031 and Why You Should Care
[vc_row][vc_column][vc_column_text]Hint: it’s about deferring capital gain taxes
[caption id="attachment_2322" align="alignright" width="300"]
1031 exchanges,also called like-kind exchanges, offer tax benefits when structured properly.[/caption]
If you think this is one of those dry topics about taxes, think again. It’s important information for anyone selling a commercial real estate property who cares about being protected from capital gains taxes and growing their portfolio.