the 1031 project
TM 1031 Exchange writes articles that are published in newspapers throughout the United States. [...] It should be understood that although the format of obtaining the replacement property may be different, the basic rules of a 1031 exchange tax deferral must be met. [1]
Private Equity Group specializes in real estate 1031 exchanges, 1031 exchange replacement properties, and investment-grade Tenant-In-Common (TIC) programs. [2]
The Advantage of a 1031 Exchange is the ability of a taxpayer to sell income, investment or business property and replace with like-kind replacement property without having to pay federal income taxes on the transaction. [...] The tax basis of replacement property is essentially the purchase price of the replacement property minus the gain which was deferred on the sale of the relinquished property as a result of the exchange. [3]
The investor may add funds or debt financing if necessary. [1]
We also offer complementary products such as direct oil and gas drilling investments, oil and gas royalty and production programs, equipment leasing, real estate development funds, Real Estate Investment Trusts (REITs), and estate planning. [2]
… transactions with a former spouse are normally subject to tax unless they qualify for nonrecognition under the provisions of Section 1031. [4]
The proceeds from the sale of the relinquished property are held by a qualified intermediary who then uses those pre-tax dollars to purchase the property to be upgraded or the land upon which the replacement property is to be built. [1]
Our expertise in hard-asset investing provides smart choices for portfolio and risk diversification. [2]
When you sell your business or investment real estate, replace it with a different business or investment property, and complete an exchange, you can defer payment of the capital gains tax normally required on these sales. [4]
In order to qualify for the tax deferral, the completed structure must match the identified structure very closely and be completed within the standard 180 day period allowed by the IRS to close on a replacement property. [...] The investor must submit detailed plans, including but not limited to any construction documents when identifying the property within the usual 45 day identification period. [...] If the project is not completed within the time frame allowed an investor may defer the amount of capital gains tax obligation on a prorated basis. [1]
A Section 1031 tax deferred exchange, named for the Internal Revenue Code Section it refers to (also known as a Starker Exchange, Tax Free Exchange, or Like-Kind exchange), allows an exception to the capital gains tax. [4]
Sources:
[1] Using 1031 Exchange for a Build
[2] 1031 Exchange Properties, 1031 Property Exchange, Tenant-In’Common
[3] 1031 Exchange Manual
[4] 1031 Tax Free Exchange, Like-Kind Exchange, and Exchanging