1031 Exchanges: The Basics
Basics of the 1031 Exchange
When a real estate investment is sold it is generally a taxable event. The proceeds of that event must be reported as income in the year the sale happens. But, there are a few cases where this general rule does not apply. The purpose of this article will be to [...]
1031 Exchange Basics
Many homeowners have heard of a “1031 Exchange,” but few understand the basics of what an exchange actually entails. Today I want to cover just a few of the basics of the process, as it is an invaluable method of homeownership for investment homeowners.
1031 Exchange, what is it?
Put simply, it is the sale of one [...]
Basics of the 1031 Exchange
1031 Exchange Basics
When a real estate investment is sold it is generally a taxable event. The proceeds of that event must be reported as income in the year the sale happens. But, there a some cases where this general guildline is not applicable. The purpose of this article will be to explain one of [...]
