1031 Exchange: What is It?

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A 1031 tax exchange is named for part of the IRS tax code. A 1031 exchange allows you to defer paying taxes on investment property including real estate, artwork, helicopters, copyrights, patents and more. You cannot do a 1031 exchange on personal property. This video gives you basic information about a 1031 exchange. Play video


1031 Exchange: Second Home Rules

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When you want to do a 1031 tax exchange for your second home you need to make sure that you're not using the home more than 14 or 20 days of the year. Learn more about 1031 tax exchange rules for second homes and check out our other 1031 videos at expertrealestatetipsl.net.  Play video


1031 Reverse Exchange

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If you're doing a 1031 tax exchange on an investment property and you've found your replacement property but not yet sold your first property you'll want to do a reverse exchange. A 1031 reverse exchange allows the 1031 company to take title to the property until you sell it.  Play video


1031 Exchange: 45 Day Rule

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When you're doing a 1031 tax exchange you have 45 days to identify your replacement property. The replacement property in a 1031 exchange has to be like kind property. So you have 45 days to find another domestic real estate property if the property you plan to sell is in the U.S. also. Learn whether weekends and holidays are included in the 45 day rule for 1031 exchanges. Play video


1031 Exchange: Recapture Depreciation Tax

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When you own an asset for business or investment use you can claim some depreciation as that asset drops in value. When you later sell that asset the IRS wants to get back, or recapture, some of the depreciation. Our 1031 exchange expert explains how recapture depreciation tax works. Play video