IRS 1031 Exchange Rules: Requirements, Timeline, and Guidelines

The 1031 Exchange can be an amazing tool if you follow all the guidelines, which will be covered today!
Make sure to check out DoorLoop today: https://bit.ly/free-demo-irs-1031-exc...

The 1032 Exchange is a way to defer capital gains tax on like-kind property. What does that actually mean? How does it work? I will answer those questions and more in this video! For more information read our 1031 exchange blog: https://bit.ly/irs-1031-exchange-rule...

0:00 Welcome!
0:20 What is a 1031 Exchange?
0:44 What are the Benefits?
1:51 The Rules
2:37 Like-kind Property
3:09 Same Tax Payer
3:26 Investment or Business Property
3:56 Equal or Greater Value
5:41 "Boot"
6:11 The Timeline
6:50 200% Rule
7:09 The Timeline
7:21 Who Qualifies?
7:44 Like-kind Property Qualifications
8:31 Types of 1031 Exchanges
8:47 Deferred Exchange
9:13 Simultaneous Exchange
9:54 Reverse Exchange
10:29 Construction Exchange
11:07 Specific use Case
11:17 Vacation Homes
11:52 Swap Residence
12:50 Tenancy-in-common
13:25 Tax Report
13:52 Estate Planning
14:27 Conclusion
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Category: Legal