Planning Ahead for a Successful Exchange
How do I plan ahead for a successful exchange?
California Clawback
updated May 2020 California “Clawback” in Full Effect Starting in January 2014 If you own California real estate and are planning on deferring taxes when you sell your investment by purchasing property in another State via a 1031 Exchange, be aware that...FIRPTA Issues in 1031 Exchanges
The Foreign Investment in Real Property Transfer Act (IRC §1445 & Treasury Regulations §1.1445), more commonly known as “FIRPTA” is a federal law that requires withholding on dispositions of U.S. real estate by “foreign persons,” defined as a nonresident alien individual, a foreign corporation that does not have a valid election under section 897(i) to be treated as a domestic corporation, a foreign partnership, a foreign trust, or a foreign estate.
