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1031 Exchanges Archives

Common questions about like-kind exchanges

Like-kind exchanges, otherwise known as 1031 exchanges, are a great way for property investors to defer capital gains taxes. By engaging in a like-kind exchange, you will need to show that the profit you made from the selling of a property will be directly invested into another investment property.

Things you may not know about 1031 exchanges

An increasing number of people are choosing to invest in property. When done right, it can be a lucrative way to gain a significant income with relatively little effort. However, if you do not take action to find alternatives to paying capital gains taxes, your profit margins will narrow.

1031 exchanges and estate planning

1031 exchanges are a great way for real estate investors to defer taxes on properties that they are buying and selling. Simply speaking, 1031 exchanges allow investors to "swap" properties, which means that they are able to defer the capital gains taxes that they would have owed initially on the first property.

How can I avoid capital gains tax on a Florida property?

If you are starting to be successful in property investment, you will know the rush of being able to buy and sell property for a profit. However, one major hurdle for property developers is capital gains tax. This tax can severely impact the amount of profit you can make by flipping properties; therefore, it can disincentivize investors.

Identifying properties during like-kind exchanges

Buying and selling properties can mean that homeowners become subject to significant capital gains taxes. These taxes can be so high that they can often deter property investors from engaging fully in the market. This is why it has been made possible for property investors to avoid capital gains taxes in certain situations.

The benefits of a 1031 exchange

If you are a property investor, you will know that capital gains taxes are one of the biggest limitations to being able to reinvest and grow your portfolio. This is why it is important to fully understand how to benefit from tax exemptions, as this can have a huge effect on the way that you are able to make progress as an investor.

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