One can learn about the Section 1031 exchange online on sites such as 1031exc and 1031 exchange advantage. One can also get more information at places like H&R Block.
No, Section 1031 exchanges are typically used for investment or business properties, not personal residences.
There are many ways one can use a 1031 exchange. If one seeks more information on the 1031 exchange process and 1031 exchange properties, one might consult a Forbes professional.
One can find blogs about this topic. Some educational sites may offer advice as well such as Realtor or 1031. If one does not know what a 1031 exchange is, try looking at an online dictionary or source.
No, a 1031 exchange is typically used for investment properties, not primary residences.
No, a 1031 exchange is typically used for investment properties, not primary residences.
The duration of the 1031 exchange identification period is 45 days.
No you do not. You must make a transaction with the Internal Revenue Service to receive the 1031 exchange.
No. The processes differ quite a bit. The Section 1031 code governs the taxes associated with the land exchange, so that people who exchange land aren't taxed as if they were just selling land and thus being subject to capital gains taxes.
Forbes Magazine is a financial publication providing numerous articles about various financial entities and vehicles. The Forbes website contains articles that explain about a 1031 Exchange, and what taxes might be involved with them.
No, a 1031 exchange can only be used for investment or business properties, not for a primary residence.
1031 Exchange properties are properties meant for exchange. The concept can be related, or though of, as a Timeshare, though it obviously has its varying, and unique, differences.
The 1031 real estate exchange allows the investor to sell property, and reinvest the processed into another property. The 1031 real estate exchange protects investors against the capitol gain taxes.