Boot

Defer a current tax bill with a like-kind exchange

Federal Taxes, Like-kind Exchange of Property, Real Estate, Small Business, Small Business Owners, Small Business Tax Tips / Douglas Freeman

If you’re interested in selling commercial or investment real estate that has appreciated significantly, one way to defer a tax bill on the gain is with a Section 1031 “like-kind” exchange. With this transaction, you exchange the property rather than sell it. Although the real estate market has been tough recently in some locations, there […]

Defer a current tax bill with a like-kind exchange Read More »

Important considerations when engaging in a like-kind exchange

Deferred Tax, Like-kind Exchange of Property, Small Business, Small Business Owners / Douglas Freeman

A business or individual might be able to dispose of appreciated real property without being taxed on the gain by exchanging it rather than selling it. You can defer tax on your gain through a “like-kind” or Section 1031 exchange. A like-kind exchange is a swap of real property held for investment or for productive

Important considerations when engaging in a like-kind exchange Read More »