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Key Takeaways
- Connecticut's 1031 Exchange allows for substantial growth of real estate assets by deferring capital gains taxes.
- A diverse range of properties qualify for exchanges, enhancing investment flexibility and strategy.
- Both sold and newly acquired properties must be intended for business or investment purposes to meet like-kind criteria.
www.steadily.com/blog/connecticut-1031-exchange-rules-for-real-estate-investors2023 Guide: Understanding 1031 Exchange Rules in Connecticut
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CATIC Exchange | CATIC Title
WEBProfessional & Dedicated 1031 Qualified Intermediary Services. At CATIC Exchange, we handle every 1031 like-kind exchange in a professional manner and are dedicated to providing you with the exceptional service …
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WEBDec 7, 2020 · A like-kind exchange is when real property used for business or held as an investment is exchanged for the same type or “like-kind” property. Properties are treated as the same kind if they are of the …
Like-Kind Exchanges Explained | Wealth Management
WEBMar 19, 2019 · The most basic form of like-kind exchange is a direct, simultaneous swap of properties between two individuals or companies. Such trades are extremely rare, since they occur only when each...
Like-Kind Exchange: Definition, Example, Pros
WEBNov 30, 2021 · A like-kind exchange is a tax-deferred transaction that allows for the disposal of an asset and the acquisition of another similar asset without generating a capital gains tax liability from...
Like-Kind Exchanges Form 8824 | H&R Block
WEBSpecial rules apply for: Multi-assets. Exchanges made with someone you’re related to. Property you once used as your personal residence.
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