Blog

happy client speaking with an employee​​​​​​​
  • By 1031 Exchange Advantage TM
  • January 29, 2019
  • How Do I Qualify for a 1031 Exchange?

    A 1031 exchange is a fantastic way for businesses or investors to delay paying capital gains tax on the sale of their properties. However, as you might expect, to take advantage of this tax exemption you must fulfil specific criteria. Failure to do so could mean that you are liable for the tax you have tried to re-invest, plus any additional penalties.  ​​​​​​​
    Read More
    happy businessmen​​​​​​​
  • By 1031 Exchange Advantage TM
  • December 17, 2018
  • Rules in a 1031 Exchange

    Since the process of a 1031 exchange can only be completed by a licensed facilitator, your chosen professional is your best support when it comes to ensuring that all areas of your transaction fall within the rules. In the meantime, here are some of the most important rules that you will need to pay close attention to when you are lining up your 1031 exchange.​​​​​​​
    Read More
    realtor and clients​​​​​​​
  • By Sell Tax Free
  • 11-30-2018
  • What Is A 1031 Exchange Property?

    When you choose to do a 1031 exchange, the property that you exchange for must be ‘like-kind’ for them to be classed as tax-deferrable. The Income Revenue Code 1031 after which this process is named defines like-kind properties as those that have been held for productive use in a business, a trade or as an investment. This means that primary residences are excluded from the 1031 exchange process. ​​​​​​​
    Read More
    real estate going up​​​​​​​
  • By Sell Tax Free
  • October 30, 2018
  • When Can You Use A 1031 Exchange In Real Estate?

    A 1031 exchange is a lesser known IRS process which enables personal investors and businesses to defer the tax on the profit from the sale of property that they have used in trade or business. These taxes can reach as much as 40% on any profit that you make. This means that if you sell your investment and make $100,000 clear profit, you might have to pay as much as $40,000 to the IRS in taxes, leaving you with only £$60,000 to take forward into your next investment. ​​​​​​​
    Read More
    happy businessmen speaking with each other​​​​​​​
  • By 1031 Exchange Advantage TM
  • September 14, 2018
  • How is a 1031 Exchange Done?

    There are many different costs involved in selling property. One of the largest costs that you can expect to incur is a tax liability known as capital gains tax. This is a tax that is levied on profit made from the sale of a property or an investment. Exactly how much tax you will be expected to pay will depend on your individual circumstances, but you may be liable to pay as much as 20% of the profit from the sale of your home back to the IRS. Fortunately, there is an alternative that gives you the opportunity to defer your capital gains tax – potentially indefinitely. It is known as a 1031 exchange. ​​​​​​​
    Read More
    happy couple speaking with a realtor​​​​​​​
  • By Sell Tax Free
  • August 16, 2018
  • The Basic Taxes Involved in a Sale of Real Estate Property

    One of the aspects of real estate that many people find most confusing is what taxes are involved in a sale of a property, and it is easy to see why. While the exact taxes you will need to pay will depend on various factors including the state where you live and what part you play in the sale and purchase, there are some basic taxes that are involved in pretty much all real estate transactions. ​​​​​​​
    Read More
    happy couple selling a house​​​​​​​
  • By 1031 Exchange Advantage TM
  • July 16, 2018
  • 1031 Exchange FAQs

    Whatever your reason for selling your home, you are almost certainly prepared for a great deal of expense. The good news is that you don’t need to pay the extensive taxes on the profits from your sale immediately if you opt for a process known as a 1031 exchange. ​​​​​​​
    Read More