1031 Exchange

Top Misconceptions About 1031 Exchanges

In the farming industry, a 1031 real estate exchange is a common strategy to allow a farmer “defer” paying the capital gains and/or ordinary income taxes on an investment property when it is sold, as long as the “like-kind property” is purchased with the profit gained by the sale of the first property.

February 11th, 2020|1031 Exchange, Articles, News|

Understanding 1031 Exchanges with Farms and Ranches

There are only a few ways to receive special tax treatment on the sale of real estate. One is IRC Section 121 (“primary residence” exemption), for those who qualify and another is IRC Section 1031 tax deferral on the exchange of investment property that qualifies under Section 1031 and the Treasury Regulation guidelines.

October 19th, 2018|1031 Exchange, Articles, News|