description: A goal of most property owners is to preserve the value of their investments. Many property owners who dispose of one piece of property and acquire a similar piece of property can help accomplish that goal by doing a tax-free swap (also referred to as a tax-free exchange) under section 1031. Although many property owners and their advisors have heard of section 1031, many of them may be unaware of the requirements and scope of section 1031. This book details the potential benefits, requirements, and scope of section 1031. Using practical examples, the book demonstrates how taxes paid on the disposition of property can erode a property owner s net worth. It also demonstrates how doing a section 1031 exchange can help prevent that erosion. The book explains that direct swaps qualify for section 1031 tax-free treatment, and describes that section 1031 also covers, multi-party exchanges, deferred exchanges, reverse exchanges, and improvements exchanges. This book directs the reader through each of those exchange structures with real-world examples of typical exchange situations and diagrams the various exchange structures. The book also discusses related-party exchanges, exchanges of mixed-use property (i.e., property held for both business and personal use), and factors that may affect an investor s decision to acquire a TIC interest as replacement property. As an extensive, accessible coverage of section 1031, Professor Borden s book will benefit - property investors - real estate professionals - CPAs - attorneys - exchange consultants - investment advisors - business, finance, real estate, accounting, and law students
language: English
title: Tax-Free Swaps: Using Section 1031 Like-Kind Exchanges to Preserve Investment Net Worth
titlecomplete: Tax-Free Swaps: Using Section 1031 Like-Kind Exchanges to Preserve Investment Net Worth (Nuts & Bolts series)
ratings_count: 2
publisher: Dna Press