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Posts tagged "1031 Exchanges"

Why should I do a 1031 exchange?

A 1031 exchange is a hugely important way for property investors to defer capital gains tax. Capital gains taxes can prevent investors from having the capital to make new, lucrative investments after a sale. This is why so many successful investors swear by 1031 exchanges.

What 1031 exchange deadlines do I need to be aware of?

The amount of taxes that you have to pay when you sell off your Florida home can be quite high. This is why many sellers take time to apprise themselves of the different tax savings options that they can pursue to minimize their tax burden. The 1031 exchange is often one that sellers pursue.

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.

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