Capitol 1031 Exchange.com: Terms For 1031 Exchange & Tax Deferred Exchanges Help

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What Is 1031? also referred to as a 1031 Exchange or Like-Kind Exchange, and falls under Section 1031 of the Internal Revenue Code. This tax section deals with property value in sale of business or trades and other like sales. Contact us to get your property exchange prepared & filed by a qualified Tax Deferred Exchanges professional. Need Help with 1031 issues ? Then contact us now >

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§ 1031. Exchange of property held for productive use or investment...Read more law >

Related Hot Topics

Doing a Partial Exchange
Land Exchange
Tax Savings
Exchange Formats
Tax Redemption

There are some things that Section 1031 doesn't apply to.

Section 1031 does not apply to exchanges of inventory, stocks, bonds, notes, other securities or evidence of indebtedness, or certain other assets.

1031 Related News

Treasury And IRS Announce Guidance On Like-Kind Home Exchanges
In the case of business property, a property owner generally would not recognize gain upon the exchange of the business property for replacement property of a like kind.

Tri-Valley Bank Partners With NES To Offer 1031 Tax-Deferred Exchange Products
NES is a Qualified Intermediary providing an industry-leading suite of 1031 tax-deferred exchange products for individual investors through major US corporations

Read More News >

Terms about 1031

Curtailments

Definition:
The borrower's privilege to make payments on a loan's principal before they are due. Paying off a mortgage before it is due may incur a penalty if so specified in the mortgage's prepayment clause.

Non-Conforming Loan

Definition:
A loan that does not conform to Federal National Mortgage Association (FNMA) or Federal Home Loan Mortgage Corporation (FHLMC) guidelines. Jumbo loans are nonconforming.

Recapture

Definition:
That portion of the gain from the sale of real estate that is taxed at ordinary income tax rates. Calculated as the difference between the accelerated depreciation taken and the straight-line depreciation that would have been allowed.

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Terms & Glossary about 1031

Tax Roll

Definition:
A list containing the descriptions of all parcels in the county, the names of the owners (or those receiving the tax bill), assessed values and tax amounts.

Economic Feasibility

Definition:
A project’s feasibility in terms of costs and revenue with excess revenue establishing the degree of feasibility.

Tax Levy

Definition:
In terms of property taxes, the total revenue to be generated by the tax.

Tax Base

Definition:
Assessed valuation of real property, which is multiplied by the tax rate to determine the amount of tax due.

Carrying Charges

Definition:
Various costs that are incidental to ownership (e.g., taxes insurance costs and maintenance expenses).

Taxes

Definition:
As a part of PITI, the amount of the monthly mortgage payment which does not include the principal, interest, and insurance.

Did You Know ?
There are some things that Section 1031 doesn't apply to. Section 1031 does not apply to exchanges of inventory, stocks, bonds, notes, other securities or evidence of indebtedness, or certain other assets.

Need to get more information about Tax Deferred Exchanges & 1031 issues? Then click here to contact us.