I hear many people tell me that 1031 Exchanges are too complicated, and my reply is they certainly can be if they’re not planned for properly. It is true that the exchange process can be daunting as it requires full adherence to a specific list… Read More »Myths Debunked! – 1031s Are Too Complicated
As you have seen by now, I am committing one of my two BLOGS per month to debunking the myths of the 1031 Exchange. If you search online, you’ll find more than 45 different myths. Yes, I have counted them all and I have the… Read More »Myths Debunked! – 100% of Your Proceeds From Your Sale Must Be Reinvested
This Month’s Myth: “The 1031 exchange applies only to commercial property” This is one of the most common myths or misconceptions of Article 1031 of the Internal Revenue Tax Code that allows you to defer the taxes on capital gains when you exchange into a… Read More »1031 Myths Debunked!