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Ask the Expert: What Does ‘Like-Kind’ Mean in a 1031 Exchange?

Posted by Zinner & Co. Real Estate Team on Nov 12, 2019 5:06:00 AM

What Does ‘Like-Kind’ Mean in a 1031 Exchange?

That’s a great question – as you’re probably aware a 1031 Exchange refers to a provision in the U.S. tax code which allows real estate investors to sell or dispose of a piece of real property and purchase another piece of “like-kind” property without incurring any short-term tax consequences. But what does like-kind mean?

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Topics: real estate, income tax, tax avoidance, personal finance, 1031 Exchange

Updated: 7 Important Tax Benefits of Real Estate Investing

Posted by Zinner & Co. Tax Team on Dec 13, 2018 6:05:00 AM

Investing in real estate is a great way to develop wealth and improve your cash flow. In addition to the benefits of receiving monthly rental income, you can also potentially realize some significant tax benefits.

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Topics: investments, real estate, income tax, Tax Cuts and Jobs Act of 2017, 1031 Exchange

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