Examples of different types of 1031 exchanges.
Partial 1031 exchange boot calculator | Partial 1031 exchange boot examples | How is boot taxed? | How to avoid boot | Partial 1031 exchange boot FAQs In a partial 1031 exchange, “boot” refers to any leftover sale proceeds subject to tax. Boot results from a difference in value between the original property, known as …
Read MoreHow To Avoid Boot During Partial 1031 Exchange (Including a Boot Calculator)
You can use a 1031 exchange to convert a rental property to a primary residence — or to convert a primary residence into a rental property. Either transaction requires careful planning to avoid breaking the law.
Once you’ve learned about the incredible tax benefits of the 1031 exchange, investors start asking harder questions. Some of these questions include ones related to primary residence vs rental property in a 1031. “Can I turn my property from a 1031 exchange into primary residence?” “Can I benefit from both section 121 and section 1031 …
Read MoreHow to Turn a 1031 Exchange into Primary Residence – The Definitive Guide to Save On Taxes
Depreciation recapture calculator | How depreciation recapture works | Depreciation recapture tax rates | How to avoid depreciation recapture | Depreciation recapture example | Depreciation recapture FAQs Depreciation recapture, a provision the IRS uses to tax the profitable sale of a rental property on which the owner has previously claimed depreciation, can have a great …
Read MoreHow to Calculate Depreciation Recapture on Rental Property
It’s at once simple — you buy your replacement property first, and then sell your old property — and complex, with many potential downfalls for investors.
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