Conservation Tax Center Law Library

15 Overview articles were found for Like Kind Exchanges

Different Types of Exchanges
By: FEA
The Federation of Exchange Accommodators is the Professional Trade Association for Qualified Intermediaries. The FEA has outlined the different types of exchanges permissible under 1031.Read More »
https://www.landcan.org/ctc-article/Like-Kind-Exchanges/Overview/Different-Types-of-Exchanges/816/

What Are the Requirements for Full Tax Deferral in a 1031 Exchange?
By: Asset Preservation Inc.
There are two requirements that make an exchange fully tax deductible. Additional property exchanged that does not fit these requirements is called a 'boot' and may be taxed.Read More »
https://www.landcan.org/ctc-article/Like-Kind-Exchanges/Overview/What-Are-the-Requirements-for-Full-Tax-Deferral-in-a-1031-Exchange/1050/

What is Considered Like-Kind Property?
By: Asset Preservation Inc.
Only like-kind property can be exchanged and receive tax deferral. Make sure that your personal and real property qualifies. Read More »
https://www.landcan.org/ctc-article/Like-Kind-Exchanges/Overview/What-is-Considered-LikeKind-Property/1053/

How Long Must Property Be Held for Investment?
By: Asset Preservation Inc.
IRC §1031 states that property “held for productive use in a trade or business or for investment” must be exchanged for like-kind property.Read More »
https://www.landcan.org/ctc-article/Like-Kind-Exchanges/Overview/How-Long-Must-Property-Be-Held-for-Investment/812/

Qualified Intermediary
To assist you in facilitating a like-kind exchange, a qualified intermediary can be used. A QI can play an important role in exchanging the properties and filling out the proper tax forms, but must be chosen with extreme care.Read More »
https://www.landcan.org/ctc-article/Like-Kind-Exchanges/Overview/Qualified-Intermediary/802/

Exchange Expenses
By: Breana Behrens
Under IRC §1031 certain exchange expenses can be deducted from the exchange proceeds without resulting in a tax consequence. While there are no exact rules for what qualifies as an exchange expenses, the IRS has given some indication as what qualifies.Read More »
https://www.landcan.org/ctc-article/Like-Kind-Exchanges/Overview/Exchange-Expenses/810/

The Exchange Equation
By: Asset Preservation Inc.
In order to defer all capital gain taxes, an Exchanger must “balance the exchange” by acquiring replacement property that is the same or greater value as the relinquished property, reinvest all net equity and replace any debt on the relinquished property with debt on the replacement property.Read More »
https://www.landcan.org/ctc-article/Like-Kind-Exchanges/Overview/The-Exchange-Equation/1051/

What is a Like Kind Exchange?
By: Resources First Foundation - RFF
Internal Revenue Code section 1031 establishes the rules for like-kind exchanges. This is a tool that can be used by private landowners to defer real estate transfer taxes by exchanging one piece of property for another. Read More »
https://www.landcan.org/ctc-article/Like-Kind-Exchanges/Overview/What-is-a-Like-Kind-Exchange/184/

Creative Exchange of Property
By: Asset Preservation Inc.
Creative investments in real property include, the purchase and sale of timber rights, agricultural land, mineral rights, oil and gas invest ...Read More »
https://www.landcan.org/ctc-article/Like-Kind-Exchanges/Overview/Creative-Exchange-of-Property/1049/

Exchanging Timberland and Standing Timber
By: Asset Preservation Inc.
A fee interest in raw land can be exchanged for a fee interest in parcel improved with a parcel with standing timber.Read More »
https://www.landcan.org/ctc-article/Like-Kind-Exchanges/Overview/Exchanging-Timberland-and-Standing-Timber/1052/

Farm and Ranch Exchanges
By: Asset Preservation Inc.
An introduction to the 1031 exchange of agricultural and ranch properties. Read More »
https://www.landcan.org/ctc-article/Like-Kind-Exchanges/Overview/Farm-and-Ranch-Exchanges/1048/

Overview of 1031 Like-kind Exchanges for Farmers
By: Jessica A. Shoemaker (Farmers' Legal Action Group, Inc.)
Generally, when a person sells or otherwise disposes of property, a gain or loss is “recognized” for tax purposes. This results in federal income tax consequences inthe year the property changes hands.Read More »
https://www.landcan.org/ctc-article/Like-Kind-Exchanges/Overview/Overview-of-1031-Likekind-Exchanges-for-Farmers/1055/

Oil, Gas, and Mineral Right Exchanges
By: Asset Preservation Inc.
Investors who desire tax deferral on the sale or exchange of oil and gas interests may have the opportunity to reap the advantages of an exchange.Read More »
https://www.landcan.org/ctc-article/Like-Kind-Exchanges/Overview/Oil-Gas-and-Mineral-Right-Exchanges/813/

Year End Exchanges
By: Marie Dias
Like-kind exchanges that commence in one tax year and end in a subsequent tax year are sometimes called Year End Exchanges. Year End Exchanges contain some unique benefits and some hidden pitfalls. Read More »
https://www.landcan.org/ctc-article/Like-Kind-Exchanges/Overview/Year-End-Exchanges/211/

Like-Kind Exchanges of Conservation Easements
By: Resources First Foundation - RFF
Certain individuals who own land with significant conservation value, for example landowners of wildlife habitat or open space, can preserve the character of their land, obtain additional property, and defer taxes on the transaction, all at the same time. Read More »
https://www.landcan.org/ctc-article/Like-Kind-Exchanges/Overview/LikeKind-Exchanges-of-Conservation-Easements/103/

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15 Overview articles were found for Like Kind Exchanges