How a 1031 Exchange works!

How a 1031 Exchange works!

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[taylorsantoro]

A lot of important information left out here

[davidhenderson]

Can you use the money to purchase more than one property but the value of all the properties add up to the same amount received from the original cash ?

[omarabbasorabi]

Can you do the same thing with paper assets like exchange crypto into property or crypto into stock...

[oppinoy]

If it resets to the current market value, and real estate almost always appreciates, then the heirs WOULD have to pay taxes on it as property tax. Maybe the capital gains tax is beat. I wonder if you occupy the property, would that still be considered as an investment property.

[KAMFamilyProductions]

Reinvest all of the proceeds or just the gains? If it's all the proceeds then it doesn't make sense bc the original 1.1M shouldn't be taxable.

[carlosmota]

So how do you make money doing this ??? The only money you’ll be making is the cash flow??

[shibumiserum]

So what happens if you haven’t found a property within the 180 days?

[briandeluca]

It's not a loophole. Please stop using the definition of loophole wrong