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Section 1031 Like-Kind Exchange

Current tax law permits an investor in real estate to defer capital gains taxes on exchanging an investment property for another property of like kind that is also held for investment, so long as the taxpayer satisfies numerous requirements and consummates a purchase of replacement property within 180 days of the transfer of the relinquished property. In the 113th Congress, several tax reform proposals included repealing or severely limiting Section 1031.

February 28, 2014
On Wednesday, Feb. 26, 2014, House Ways and Means Committee Chairman Dave Camp (R-MI) released his long-awaited discussion draft for comprehensive reform of the tax code.
January 17, 2014
On Jan. 16, 2014, NAR joined with a group of 18 other real estate associations in sending a comment letter to Senate Finance Committee Chairman Max Baucus (D-MT) regarding a staff discussion draft released by the Committee on Nov. 21, 2013.
November 21, 2013
Senate Finance Committee Chairman Max Baucus (D-MT) released a draft tax reform proposal today, which included several provisions that would affect current tax provisions for commercial real estate in a negative way.
November 14, 2013
Before the property investment deal is sealed, ask your clients one important question: Do you know if you'll owe taxes on the sale of your property, even if you're taking a loss on it?

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