A 1031 exchange is a swap of one business or investment asset for another. Although most swaps are taxable as sales, if you come within 1031, you’ll either have no tax or limited tax due at the time of the exchange.
In effect, you can change the form of your investment without (as the IRS sees it) cashing out or recognizing a capital gain. That allows your investment to continue to grow tax deferred. There’s no limit on how many times or how frequently you can do a 1031. You can roll over the gain from one piece of investment real estate to another to another and another. Although you may have a profit on each swap, you avoid tax until you actually sell for cash many years later. Then you’ll hopefully pay only one tax, and that at a long-term capital gain rate .
Queens, New York is one of the five boroughs of New York City, located on Long Island. It is the largest borough in area and the second-most populous, making it a vibrant and diverse place to live. Offering to make an exchange of real property in Queens can be an exciting opportunity to explore the various neighborhoods and immerse yourself in the city's rich culture. Queens offers a wide range of real estate options, catering to different preferences and lifestyles. Here are a few types of Queens, New York offers to make an exchange of real property: 1. Single-Family Homes: Queens is dotted with charming residential neighborhoods featuring picturesque single-family homes. Areas like Forest Hills, Bayside, and Jamaica Estates offer spacious properties with well-maintained front and backyards, perfect for families or those seeking a suburban feel within the city. 2. Co-ops and Condos: Queens has numerous cooperative and condominium apartment buildings, providing a more affordable homeownership option compared to Manhattan. Neighborhoods like Flushing, Astoria, and Long Island City boast high-rise buildings offering modern amenities and excellent transit connectivity. 3. Luxury Properties: For those searching for upscale and luxurious living, Queens has exclusive enclaves like Beechnuts and Malta. These neighborhoods showcase lavish mansions and waterfront properties that offer breathtaking views and privacy. 4. Multi-Family Homes: Queens is also known for its diverse rental market. Investing in multi-family homes can be a lucrative option, as areas like Sunnyside and Jackson Heights offer a mix of multi-unit buildings catering to the growing rental demand. 5. Mixed-Use Buildings: Queens presents opportunities for commercial real estate as well. Astoria, Woodside, and LIC offer mixed-use buildings, combining retail and residential spaces, making it an ideal choice for investors looking to capitalize on the area's vibrant business scene. By making an exchange of real property in Queens, New York, individuals can benefit from the borough's proximity to Manhattan, cultural diversity, and affordable housing options while enjoying an excellent quality of life. Whether you are a first-time homebuyer, looking to upgrade, or a real estate investor, Queens provides numerous opportunities to find a property that matches your needs.Queens, New York is one of the five boroughs of New York City, located on Long Island. It is the largest borough in area and the second-most populous, making it a vibrant and diverse place to live. Offering to make an exchange of real property in Queens can be an exciting opportunity to explore the various neighborhoods and immerse yourself in the city's rich culture. Queens offers a wide range of real estate options, catering to different preferences and lifestyles. Here are a few types of Queens, New York offers to make an exchange of real property: 1. Single-Family Homes: Queens is dotted with charming residential neighborhoods featuring picturesque single-family homes. Areas like Forest Hills, Bayside, and Jamaica Estates offer spacious properties with well-maintained front and backyards, perfect for families or those seeking a suburban feel within the city. 2. Co-ops and Condos: Queens has numerous cooperative and condominium apartment buildings, providing a more affordable homeownership option compared to Manhattan. Neighborhoods like Flushing, Astoria, and Long Island City boast high-rise buildings offering modern amenities and excellent transit connectivity. 3. Luxury Properties: For those searching for upscale and luxurious living, Queens has exclusive enclaves like Beechnuts and Malta. These neighborhoods showcase lavish mansions and waterfront properties that offer breathtaking views and privacy. 4. Multi-Family Homes: Queens is also known for its diverse rental market. Investing in multi-family homes can be a lucrative option, as areas like Sunnyside and Jackson Heights offer a mix of multi-unit buildings catering to the growing rental demand. 5. Mixed-Use Buildings: Queens presents opportunities for commercial real estate as well. Astoria, Woodside, and LIC offer mixed-use buildings, combining retail and residential spaces, making it an ideal choice for investors looking to capitalize on the area's vibrant business scene. By making an exchange of real property in Queens, New York, individuals can benefit from the borough's proximity to Manhattan, cultural diversity, and affordable housing options while enjoying an excellent quality of life. Whether you are a first-time homebuyer, looking to upgrade, or a real estate investor, Queens provides numerous opportunities to find a property that matches your needs.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.
