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
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Definition:
A project’s feasibility in terms of costs and revenue with excess revenue establishing the degree of feasibility.
Taxes
Definition:
As a part of PITI, the amount of the monthly mortgage payment which does not include the principal, interest, and insurance.
Recapture
Definition:
That portion of the gain from the sale of real estate that is taxed at ordinary income tax rates. Calculated as the difference between the accelerated depreciation taken and the straight-line depreciation that would have been allowed.