The 1031 Tax Advantage for Real Estate Investors

The 1031 Tax Advantage for Real Estate Investors

Increase your real estate wealth by deferring your capital gains taxes

The 1031 Tax Advantage for Real Estate Investors is a highly accessible guide to making the most of this powerful option. Timothy Harris and Linda Monroe bring their practical knowledge and legal expertise to the complex topic of tax-deferred â€œlike-kindâ€ exchanges, explaining the intricacies of 1031 in jargon-free language and dispelling common misconceptions.

Framing their approach around their clients' most frequently asked questions, the authors present detailed, step-by-step advice on all the required elements for a successful exchange. Through clear explanations of necessary tax concepts as well as example situations of actual investors, you'll learn how to:
Determine how much to reinvest in an exchange
Use the IRS identification rules to your advantage
Understand exchanges involving related parties and the implications of seller financing
Use real estate proceeds with NO tax consequences
Navigate the complexities of personal property exchanges, refinancing of exchange property, and exchanges done in reverse order
Handle earnest money deposits, and prorations
Take advantage of tax-deferred investor pools and TICs (Tenant-in-Common) benefits

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