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: 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: 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
#propertymanagement #propertymanagementaccounting #propertymanagementsoftware
Disclaimer: This video was produced by DoorLoop and is the intellectual property of DoorLoop. The creator featured in this video is an employee of DoorLoop. All information presented in this video is subject to change and may have changed since the time of filming. These videos are for educational and entertainment purposes and are not offering legal advice. Opinions expressed in our videos do not reflect DoorLoop's stance as a company.
Category: Legal

[@user-nm5zr4fu1q]

Wow - I have watched several 1031 videos, and this was one of the best. A lot of info in a short, quick video.

[@DoorLoop]

Thank you!

[@ericfitucci]

Great video! Simply explained 1031 exchange.

[@lorenzolopez2939]

Great information! Thank you!

[@Joven.videos]

SO BUY FOR 50K AND SELL WITHIN A MONTH FOR 100K LLC IN FLORIDA HOW MUCH CAP GAIN HAVE TO PAY SINCE SHORT TERM

[@dogalga2576]

Thank you Sydney incredibly helpful and easy to understand, much love...

[@edwinolavarria595]

in calculating the adjusted basis for property being sold so as to determine the gain to defer, how do you treat an assumed mortgage by the buyer?

[@abluee2298]

What are class C D properties?

[@saminairfan45]

Great video but have couple of questions. My spouse selling his business and wants to buy four plex. Selling business for $500 and buying the four plex for 975K so can he make the difference with his own money or is he required to get a loan? His savings is in joint savings account so will that make a difference?

[@DoorLoop]

This would be a case for a legal professional to review. It's always best to get a lawyer or CPA involved to make sure it's done right!