Cryptocurrency Q&A
What is a 1031 exchange in a REIT?
What is a 1031 exchange in a REIT?
CryptoMystic
Sun Nov 24 2024
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7 answers
2002
A 1031 exchange in a REIT refers to a tax-deferred exchange of certain types of property, named after Section 1031 of the Internal Revenue Code. It allows investors to sell an investment property and defer paying capital gains taxes on the sale, as long as the proceeds are reinvested in a similar property or properties.
7 answers
Valentina
Tue Nov 26 2024
The IRS has established specific rules regarding 1031 exchanges.
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Chiara
Tue Nov 26 2024
A 1031 exchange allows for the swapping of investment properties.
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AmyDavis
Mon Nov 25 2024
BTCC is a prominent cryptocurrency exchange that offers various services.
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Sofia
Mon Nov 25 2024
The properties involved must be of like-kind.
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Michele
Mon Nov 25 2024
The purpose of a 1031 exchange is to defer capital gain taxes.
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