On April 9, 2020, the IRS issued Notice 2020-23 (the “Notice”) which expands the filing and payment deadline relief announced by the Internal Revenue Service (“IRS”) in March. The March announcement ...

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 ...

How savvy investors use 1031s to defer capital gains and build wealth Robert Wood Tax is an attorney at WoodLLP. He is also the author of more than 30 books and numerous articles. David Kindness is a ...

Industry discussions continue around 1031 exchanges, but current regulations confirm their ongoing availability for ...

Forbes contributors publish independent expert analyses and insights. Roger Valdez writes about housing economics and policy. During my time working with and for real estate investors, I heard about ...

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 ...

Regarding “New Proposal Takes Aim at Real-Estate Tax Loophole” (U.S. News, April 29): A 1031 like-kind exchange has never been a tax loophole. Like-kind exchanges allow investors to exchange one ...

Pennsylvania still presents a somewhat complicated landscape for IRC Section 1031 like-kind exchanges. However, it has moved in the right direction in conforming to the federal tax treatment for such ...

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 ...

If you sell investment property and use a Section 1031 Exchange to defer taxes on the capital gains, you could end up losing all of your sales proceeds, still owing the capital gains tax to the IRS, ...

A 1031 real estate exchange, also known as a like-kind exchange, is a tax-deferral strategy used by real estate investors to defer capital gains taxes on the sale of an investment property. Named ...

Internal Revenue Code Section 1031, a federal statute for deferring capital gains tax, is used in as many as 20% of commercial real estate transactions. Despite this, misunderstandings about this ...