In my conversations with business owners who own the property where they operate, is a common comment that goes something like this:“The building where I run my business doesn’t qualify for a 1031 exchange, because it isn’t considered an investment property.” Not only is that… Read More »Does Your Business Property Qualify for a 1031 Exchange? Absolutely
This Myth is More Common than You Think: You Can Use an Exchange to Defer Taxes on Your House Flipping Business If you’ve been following me, you know I love digging into the myths that swirl around 1031 Exchanges. And here’s one that comes up… Read More »Debunking 1031 Myths with Best 1031 Online
There’s a common misunderstanding about how long you must hold an investment property before it qualifies for a 1031 Exchange floating around the real estate world. I’ve heard it from investors, brokers, attorneys, and even CPAs. It goes something like this: “To qualify for a… Read More »Do You Really Have to Hold a Property for a Year?
One of the most common myths I hear online and in social media about 1031 exchanges is that you only need to reinvest the profit—the gain— from the sale of your relinquished property to defer taxes. That’s simply not true, and it’s a misunderstanding that… Read More »1031 Exchange Myth: You Only Reinvest the Profit from the Sale of Your Relinquished Investment Property
One of the most common misconceptions I hear about the 1031 exchange from more senior investors is that the term “like-kind” makes them think that they must exchange into the exact same type of property that they are selling. This misunderstanding has prevented many of… Read More »Debunking the “Like-Kind” Myth in 1031 Exchanges: You Don’t Have to Buy the Same Type of Property You Sell
The 1031 Exchange is a powerful tax planning tool for real estate investors, allowing them to defer capital gains taxes when they reinvest the proceeds from the sale of a property that no longer fits their investment goals, into a new, like-kind property. Here is… Read More »Debunking the Myth: You Can Only Reinvest into One Property in a 1031 Exchange