1031 Real Estate Exchanges


Purchase 1031 Real Estate Exchanges from 360training.com through my links and I earn a commission that will support this site. Get 1031 Real Estate Exchanges today. Thanks for visiting.

SKU: 360T162B03DC759740C587E7D24FC24FABDD5d2dbac58c494446a8a003a0a468a999 Category: Tags: ,


Section 1031 of the Internal Revenue Code allows for a tax deferment on the exchange of ‘like kind- income-producing property. In essence, an individual may trade an old income-producing or commercial capital asset for a new one of ‘like kind- without paying tax on any of the gains. Instead, the tax is deferred until the chain of exchanges is permanently broken. Commercial real property can qualify for a tax-deferred exchange, providing that the transaction is properly managed through the cooperation of many different professionals. This module outlines the uses of 1031 exchanges, covering what constitutes exchangeable property, the definition of ‘like kind,- the roles of different professionals in 1031 exchanges, the benefits and drawbacks, as well as the different types of exchanges commonly used for real estate transactions. A real estate professional familiar with the Section 1031, its meaning, use and scope, will be able to expand his or her clientele base and will be better equipped to advise investor and commercial clients over the course of their transactions, from the property finding phase through closing.