Report post

What is a 1031 exchange?

A 1031 exchange, also known as a like-kind exchange, is a powerful tax-deferment strategy popular with experienced real estate investors. It allows you to defer capital gains taxes on an investment property when it’s sold—as long as the investor purchases another like-kind property with the proceeds of the first property sale.

When does section 1031 apply to a qualifying exchange?

A transition rule in the new law provides that Section 1031 applies to a qualifying exchange of personal or intangible property if the taxpayer disposed of the exchanged property on or before December 31, 2017, or received replacement property on or before that date.

When can a 1031 exchange be a transition rule?

The TCJA includes a transition rule that permitted a 1031 exchange of qualified personal property in 2018 if the original property was sold or the replacement property was acquired by Dec. 31, 2017.

Related articles

How to Sell Pi Coin in Canada: A Complete Guide for 2025

How to Sell Pi Coin in Canada: A Complete Guide for 20252025-01-21 11:00:51As a popular cryptocurrency project that allows users t […]

Gold Price In Canada vs India: Gold Rate Today

Gold Price In Canada vs India: Gold Rate Today2025-01-15 17:08:16When discussing investment options, gold has consistent […]

XRP ETF Review & Analysis: Top Analyst Says Spot XRP ETF To Be Approved In 2025

XRP ETF Review & Analysis: Top Analyst Says Spot XRP ETF To Be Approved In 20252025-01-14 14:17:06Since the approval of BTC ETF and ETH ETF in 2024, more […]

How To Withdraw Money From Binance In Canada: A Useful Guide For 2025

How To Withdraw Money From Binance In Canada: A Useful Guide For 20252025-01-09 17:10:26In May 2023, Binance, a prominent global cryptocurrency […]

How To Use Pi Network’s Mainnet In Canada: An Ultimate Guide In 2025

How To Use Pi Network’s Mainnet In Canada: An Ultimate Guide In 20252025-01-06 11:57:05As one of the most innovative blockchain projects, Pi N […]

XRP ETF Review & Analysis: Top Analyst Says Spot XRP ETF To Be Approved In 2025

XRP ETF Review & Analysis: Top Analyst Says Spot XRP ETF To Be Approved In 2025 2025-02-25 14:37:06 Since the approval of BTC ETF and ETH ETF in 2024, more and more crypto analysts are wondering which...

How To Buy Pi Network (PI) In Canada: A Comprehensive Guide In 2025

How To Buy Pi Network (PI) In Canada: A Comprehensive Guide In 2025 2025-02-25 09:39:07 Pi Coin is a cryptocurrency that garnered significant attention due to its innovative approach in th...

How To Buy Pi Network (PI) In Canada: A Comprehensive Guide In 2025

How To Buy Pi Network (PI) In Canada: A Comprehensive Guide In 2025 2025-02-21 15:56:25 Pi Coin is a cryptocurrency that garnered significant attention due to its innovative approach in th...

How to Sell Pi Coin in Canada: A Complete Guide for 2025

How to Sell Pi Coin in Canada: A Complete Guide for 2025 2025-02-21 14:10:51 As a popular cryptocurrency project that allows users to mine Pi coins for free with their mobile de...

How To Use Pi Network’s Mainnet In Canada: An Ultimate Guide In 2025

How To Use Pi Network’s Mainnet In Canada: An Ultimate Guide In 2025 2025-02-19 14:10:05 As one of the most innovative blockchain projects, Pi Network is preparing for its mainnet launch at...

The World's Leading Crypto Trading Platform

Get my welcome gifts