The exchange can include like-kind property exclusively or it can include like-kind property along with cash, liabilities
Mail (If you do not have a California income or franchise tax filing requirement)
when you pass away, your heirs inherit your property with a stepped up basis
The proposed regulations affect taxpayers that exchange business or investment ... proposed regulations would limit the application of the like-kind exchange rules
of different sexes do not qualify for like kind exchange.
§1031 exchanges typically are done with real estate or business assets.
What are the tax consequences of an exchange? Basis. An exchange is not tax- free as it is often described; rather it is tax-deferred because the Taxpayer carries ...
An exchange can only be made with like-kind properties and IRS rules limit use with vacation properties. There are also tax implications and time ...
and keep track of your basis in the new property you acquired in the exchange.
That allows your investment to continue to grow tax deferred. There's no limit on how many times or how frequently you can do a 1031. You can ...