The 1031 Tax-Deferred Exchange An exchange can be an attractive way for investors to save capital gains tax. Exchanged properties must be of similar kind, such as residential income property or professional buildings. A personal residence does not qualify. However for more information about … [Read more...]
URGENT 1031 EXCHANGE UPDATE COVID-19 Timeline Extensions
On Thursday, April 9th the IRS published the IRS published Notice 2020-23 issuing guidance granting deadline relief for 1031 Exchanges. The Notice from the IRS leaves some issues unclear, but we have summarized key facts below: Who Qualifies? • Anyone that sold relinquished property and their … [Read more...]
