The Tax and Legal Playbook: Game-Changing Solutions to Your Small-Business Questions by Mark J. Kohler

The Tax and Legal Playbook: Game-Changing Solutions to Your Small-Business Questions by Mark J. Kohler

Author:Mark J. Kohler
Language: eng
Format: mobi
ISBN: 9781613083055
Publisher: Entrepreneur Press
Published: 2015-04-19T14:00:00+00:00

Figure 14.1 – The 1031 Exchange

Despite the seeming complexity of the 1031 exchange, if you are looking to sell one property and purchase more real estate with the proceeds, learning more and getting a consultation about the exchanges is certainly in your best interest.

Here are a few of the property requirements to qualify for a valid 1031 exchange:

Both the property traded and the property received must be held for business or investment purposes, not as your personal residence.

The property traded must not be held primarily for sale, such as an inventory of properties held by a real estate developer.



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