1031 exchange Archives - Landmark CPAs

What are the Like-Kind Exchange Rules in 2024?

Posted on October 1, 2024 by Rachael McGrew

What is a like-kind exchange? A like-kind exchange — also referred to as a 1031 exchange — is when you sell an investment or business property and purchase another similar investment property. This allows you to defer the capital gains you’d normally pay on the sale of a property that has increased in value. This piece

Avoid Capital Gains Tax with a 1031 Exchange

Posted on November 8, 2022 by Andrew Litchford

Do you own investment or commercial property where the value has significantly increased? If you sell the property, you might owe a sizable amount in capital gain taxes. Consider a Section 1031 exchange, sometimes referred to as a like-kind exchange, where you trade qualified properties while paying little to no current tax as a possible