A 1031 exchange is a transaction sanctioned by the U.S. Internal Revenue Service that allows a seller to “swap” one “like-kind” investment property for another when buying one of equal or greater ...
Lawmakers in many states are seeking to rein in rising property tax bills and discovering that it's not easy, especially if offsetting tax increases are part of the discussion. Governors and lawmakers ...
The Pennsylvania Board of Game Commissioners approved the purchase of five properties and a land swap with the DCNR. The land swap involves Glen Onoko Falls, a popular hiking area closed due to ...
The IRS focuses on your investment intent—there’s no official minimum holding period for a 1031 exchange property. Most tax advisors recommend holding the property for at least one to two years to ...
Federal law gives a commercial real estate investor up to 180 days to complete a 1031 exchange: 45 days to identify a new property and another 135 days to complete the purchase. This is usually an ...