Welcome to 1031 Guidelines.org
 
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 Capital Gains professional. Need Help with 1031 issues ? Then contact us now >
 
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ยง 1031. Exchange of property held for productive use or investment...Read more law >

Related Hot Topics

    • Accommodators
    • Doing a Partial Exchange
    • Property Exchanges
    • Qualified Intermediaries
    • Facilitators


    Different combinations are possible when doing a 1031 exchange.

    Improved property can be replaced with unimproved property, and vice versa.

Terms & Glossary about 1031

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.

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.

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.

Tax Levy

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

Property Tax

Definition:
The amount which the state and/or locality assesses as a tax on a piece of property.

Tax Base

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

Did You Know ?
Different combinations are possible when doing a 1031 exchange.

Improved property can be replaced with unimproved property, and vice versa.

Need to get more information about Capital Gains & 1031 issues? Then click here to contact us.