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Anticipating taxpayers wanting to defer paying tax on their crypto gains the TCJA specifically. The Tax Cuts and Jobs Act of 2017 restricted IRC Section 1031 to exchanges of real property. A 1031 exchange also known as a like-kind exchange is a powerful tax-deferment strategy. On June 18 2021 the IRS finally weighed in on whether cryptocurrency trades and swaps could qualify for like-kind. Within the realm of real estate cryptocurrencies have opened up new possibilities for investment allowing. For instance IRC 1031 allows for the like-kind exchange of certain property. A 1031 exchange is a swap of one real estate investment property for another that allows capital..
Anticipating taxpayers wanting to defer paying tax on their crypto gains the TCJA specifically. The Tax Cuts and Jobs Act of 2017 restricted IRC Section 1031 to exchanges of real property. A 1031 exchange also known as a like-kind exchange is a powerful tax-deferment strategy. On June 18 2021 the IRS finally weighed in on whether cryptocurrency trades and swaps could qualify for like-kind. Within the realm of real estate cryptocurrencies have opened up new possibilities for investment allowing. For instance IRC 1031 allows for the like-kind exchange of certain property. A 1031 exchange is a swap of one real estate investment property for another that allows capital..
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