1031 Exchange Secrets.info: Terms For 1031 Exchange & Treasury Regulations Help

1031 Exchange Secrets.info

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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 Treasury Regulations professional. Need Help with 1031 issues ? Then contact us now >

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§ 1031. Exchange of property held for productive use or investment...Read more law >

Related Hot Topics

Investing
Tax Redemption
Replacement Property Identification
Tax Deferred Exchanges
Treasury Regulations

1031 Exchanges include many different types of real estate.

1031 Exchanges don't just apply to homes. 1031 exchanges can also include commercial and rental real estate, as well as vacant land.

1031 Related News

Deferred Exchanges Of Like Kind Property
Like-kind property can be a variety of business property, not just real estate; it can be any property held for productive use in a trade or business or for investment.

Like-Kind Exchanges Real Estate Tax Tips
Section 1031 does not apply to exchanges of inventory, stocks, bonds, notes, other securities or evidence of indebtedness, or certain other assets.

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Terms about 1031

Tax Lien

Definition:
(1) A lien for nonpayment of property taxes. Attaches only to the property upon which the taxes are unpaid. (2) A federal income tax lien. May attach to all property of the person owing the taxes.

Negative Amortization

Definition:
A situation in which a borrower is paying less interest than what is actually being charged for a mortgage loan. The unpaid interest is added to the loan's principal. The borrower may end up owing more than the original amount of the mortgage.

Property Tax

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

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Terms & Glossary about 1031

Tax Lien

Definition:
(1) A lien for nonpayment of property taxes. Attaches only to the property upon which the taxes are unpaid. (2) A federal income tax lien. May attach to all property of the person owing the taxes.

Property Tax

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

Tax Levy

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

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.

Non-Conforming Loan

Definition:
A loan that does not conform to Federal National Mortgage Association (FNMA) or Federal Home Loan Mortgage Corporation (FHLMC) guidelines. Jumbo loans are nonconforming.

Ad Valorem Tax

Definition:
A tax levied in proportion to the value of the thing(s) being taxed. Exclusive of exemptions, use-value assessment laws, and the like, the property tax is an ad valorem tax

Did You Know ?
1031 Exchanges include many different types of real estate. 1031 Exchanges don't just apply to homes. 1031 exchanges can also include commercial and rental real estate, as well as vacant land.

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