The Exchange Period is a critical component in real estate transactions, particularly in the context of a 1031 exchange, representing the 180-day timeframe within which a taxpayer must complete the acquisition of the replacement property.
Replacement Property refers to the new property acquired in a 1031 exchange, allowing investors to defer capital gains taxes.
Learn about Carryover Basis in tax-deferred exchanges, including the adjusted tax basis of the property surrendered and its role in determining the tax basis of the property acquired.
A comprehensive guide to understanding tax-deferred exchanges, primarily concerning property under Section 1031 of the Internal Revenue Code. This entry explores the concept, applications, and implications of such exchanges in the context of real estate.
