A type of tax credit which allows owners of business or investment-related properties to exchange the property with a different property and not have to pay capital gain taxes. Essentially, the owner of the property exchanges it for another piece of property that is of equal or lesser value and does not have to pay taxes on the transaction, hence the tax-free exchange portion of the name. There are strict requirements that the owner must meet when selecting a replacement property for the transaction. also called like-kind exchange.
Related information about 1031 tax-free exchange:
- Internal Revenue Code section 1031 - Wikipedia, the free ...
Under Section 1031 of the United States Internal Revenue Code (26 U.S.C. § 1031), the exchange of certain types of property may defer the recognition of ...
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Every Section 1031 Exchange transaction is different. These "Frequently Asked Questions" are intended to answer general inquiries. The application of these ...
- NAR Field Guide: 1031 Exchanges | realtor.org
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- 1031 Exchanges Made Easy - 1031 Tax Free Strategies
For over 15 years, 1031 Tax Free Strategies, LLC has served as a Qualified Intermediary (QI) to facilitate 1031 Exchanges for clients throughout the United ...
- 1031 Tax Free Exchange - Maureen Realty Inc.
1031 tax exchanges are specifically structured transactions that join together the sale of an old property and the purchase of a new property for the purpose of ...
- 1031 Exchange | Tax Deferred Exchange | Qualified Intermediary
A 1031 exchange allows an owner of investment property to defer capital gain taxes by exchanging one property for another.
- What is 1031 tax-free exchange? definition and meaning
Definition of 1031 tax-free exchange: A type of tax credit which allows owners of business or investment-related properties to exchange the property with a ...