What Is 1031? also referred to as a 1031 Exchange or Like-Kind Exchange, and falls under Section 1031 of the Internal Revenue Code. This tax section deals with property value in sale of business or trades and other like sales. Contact us to get your property exchange prepared & filed by a qualified
Compare Intermediaries
professional.
Need Help with
1031
issues ?Then contact us now >
ยง 1031. Exchange of property held for productive use or investment...Read more law >
Related Hot Topics
Exchange Formats
Exchange Formats
Compare Intermediaries
Doing a Partial Exchange
Tax Advantages
If you plan on utilizing Section 1031, you may do so with more than one property.
You can do so with up to three properties at once.
1031 Related News
Deferred Exchanges Of Like Kind Property
Like-kind property can be a variety of business property, not just real estate; it can be any property held for productive use in a trade or business or for investment.
Definition:
As a part of PITI, the amount of the monthly mortgage payment which does not include the principal, interest, and insurance.
Carrying Charges
Definition:
Various costs that are incidental to ownership (e.g., taxes insurance costs and maintenance expenses).
Non-Conforming Loan
Definition:
A loan that does not conform to Federal National Mortgage Association (FNMA) or Federal Home Loan Mortgage Corporation (FHLMC) guidelines. Jumbo loans are nonconforming.