Like-Kind Property for a 1031 Exchange
The exchange of Like Kind Property is the key to a 1031 Exchange. The IRS states: Properties are of like-kind, if they are of the same nature or character, even if they differ in grade or quality. Personal …
What is a 1031 Exchange in Real Estate
*** Disclaimer: this is not tax advice- consult an accountant with specific 1031 Exchange questions! We’re selling NE Ivy St. as an investment property. The price difference of what we bought it for in 2001 and the selling …