," is a provision that gives investors the ability to defer capital gains taxes from the sale of an investment or business use property, as long as a like-kind asset is purchased with the sale's profits.
The exchange is a strategy for investors looking to swap one asset for another, or for any investors interested in avoiding a capital gains tax of, depending on your bracket, up to 20%. A high-maintenance rental in an expensive city like New York, for example, could be exchanged for a series of lower-maintenance investment properties in more savings-friendly states with lower costs of living. Strict rules dictate 1031 eligibility having to do with the timing of sales and purchases, as well as the types of properties that qualify for use.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside the life of a pregnant mental health counselor during COVID-19 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. No one cares.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Real examples of the 10 slides entrepreneurs need in a pitch deck - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Political spending at Trump properties tops $22 millionPolitical committees have spent more than $22 million at Trump properties since the billionaire real-estate developer entered the presidential race in 2015, a tally by the Center for Responsive Politics shows We want to see SpeakerPelosi Tax Records now! Well CNN nothing important happening today than you can report on. How about all the violence in Portland and Seattle or maybe Chicago
Source: CNN - 🏆 4. / 95 Read more »
10 things you need to know before the opening bell | Markets InsiderWelcome to 10 Things Before the Opening Bell. Sign up here to get this email in your inbox every morning. Here's what you need to know before mar...
Source: BusinessInsider - 🏆 729. / 51 Read more »
Gallup: Americans say police reform is needed in the US - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Then why are BLM and Antifa destroying our cities? It’s almost like it has nothing to do with police reform. 🤔 Do they want this? As in Russia? No shit. Now do a poll on how many americans want marxism BLMMarxists
Source: BusinessInsider - 🏆 729. / 51 Read more »
What you need to know about the coronavirus right nowHere's what you need to know about the coronavirus right now: You left out this part: H C Q + ☀️ = 😊 Um let's see: ... It can kill you. ... If it doesn't kill you it can leave you with debilitating physical maladies. ... It can be transferred to others by folks in all age groups. ... donnyt's a dick
Source: Reuters - 🏆 2. / 97 Read more »