To keep your holiday season merry and bright, here are a few key 1031 updates and reminders to wrap up the year:
1031 Strategy for Partnership Scenarios
As the year winds down, we are encountering more and more partnership questions on the sale of investment real estate. As a qualified intermediary, we cannot offer tax or legal advice, however we can help strategize with you and your advisors. Factors such as number of partners that are involved in the sale, the number of partners that want to exchange – or not, the number of partners that want to exchange together or separately and more can all impact the strategic direction you take. To discuss 1031 strategies and partnership scenarios, please reach out to us. For additional information please read
Partnerships, Taxes & 1031s https://www.ipx1031.com/partnerships-taxes-1031s/
Partnership Issues https://www.ipx1031.com/partnership-issues/
LLC Issues https://www.ipx1031.com/llc-issues/
How Tax Reform Help Partnership Issues in 1031s https://www.ipx1031.com/tax-reform-helps-partnership-issues-1031s/
IPX1031 wishes you and your family a joyous holiday season and a very happy New Year! Click to watch our holiday video.
1031 End of Year Reminders
- Cybersecurity – protect yourself and your investments over the holiday season. Read more on how you can stay safe here.
- End of year giving – are you planning on making end of year donations? Check to see if your donation is tax deductible.
- Tax straddling may be a viable option for you if you are currently considering a 1031 Exchange Read more here.