2007-07-26 08:00:38 · 5 answers · asked by ztim21 2 in Business & Finance ➔ Taxes ➔ United States
No, nobody actually has a tax advantage in a 1031 exchange. The person who is exchanging one property for another similar property (to qualify for the 1031 exchange) is only postponing the taxes on the gain(s).
2007-07-26 12:55:53 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The seller may have no tax advantages but may have an advantage in negotiation. You know as a seller that the buyer must identify replacement property within their 45 day period from the close of the relinquished property and close within 180 days. That means you have a motivated buyer.
2007-07-26 10:31:52 · answer #2 · answered by William H 5 · 1⤊ 0⤋
None whatsoever. A 1031 is only of value to the person who is selling one investment property and replacing it with a 'like kind' investment.
2007-07-26 08:04:14 · answer #3 · answered by acermill 7 · 0⤊ 0⤋
You can't have an exchange without exchanging property!
2007-07-26 08:04:32 · answer #4 · answered by Bostonian In MO 7 · 0⤊ 1⤋
Unfortunately not.
2007-07-26 10:32:39 · answer #5 · answered by Anonymous · 0⤊ 0⤋