Found 2 blog entries for May 2016.
Owning real estate on Kauai is a dream for a lot of people. Some people will use a 1031 Exchange to make their dream of owning property on Kauai come true!
What is a 1031 Exchange? Under Section 1031 of the United State Internal Revenue Code exchanges of certain types of property may defer the recognition of capital gains or losses due upon sale, and hence defer any capital gains taxes otherwise due.
Weather you want to buy or sell a real estate investment on Kauai you can utilize a 1031 Exchange to your advantage. As a Realtor I can not give you tax advice. Always consult with your tax advisers as they are essential to a successful tax-deferred exchange.
Here are the answers to basic 1031 Exchange questions I'm often asked from people…