Question: What is an Internal Revenue Code Section 1031 Like-Kind Exchange? Answer: Section 1031 of the Internal Revenue Code allows a taxpayer who owns business or investment real estate to “exchange ...

Discover the benefits of swapping like-kind properties under IRS 1031 rules to avoid capital gains taxes, and learn about ...

Section 1031 provides an exception to the general rule requiring current recognition of gain or loss upon the sale or exchange of property. It provides, in part: No gain or loss shall be recognized on ...

If you are a real estate investor, aspire to be an investor one day or are a licensed agent or broker who works with investors, you should understand how a Section 1031 exchange works. Most investors ...

Commercial real estate brokers and mortgage brokers who overlook opportunities to suggest 1031 exchanges to their clients are missing out on additional commissions. The Internal Revenue Service Code ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. On April 28, 2021, President Joe Biden revealed a slew of ...

The New Year brings with it a welcomed tax change to Pennsylvania: the recognition of Internal Revenue Code (IRC) Section 1031 like-kind exchanges. Under the federal tax rules, gain or loss is ...

Question: When you sell a duplex where you live in one unit and the other unit is a rental, do you have to do a 1031 tax-deferred exchange or would part of the duplex be classified as a personal ...

The accounting rules for the Pennsylvania Personal Income Tax do not follow the Federal Tax Code. Instead, they follow generally accepted accounting principles. The Pennsylvania Department of Revenue ...

Is “deal or no deal” a popular refrain from a successful game show or is it the voice of real estate investors who are growing concerned about the potential repeal of Section 1031 of the Internal ...