Rev. Proc. 2008-16

Part III Administrative, Procedural, and Miscellaneous 26 CFR 601.105:  Examination of returns and claims for refund, credit, or abatement; determination of correct tax liability. (Also Part 1, §§ 280A, 1031). Rev. Proc.  2008-16 SECTION 1. PURPOSE This revenue...

Where the Vacation Home Market Has Grown the Most

Where has the vacation home market grown the most? We were curious to find out, so we analyzed the total number of vacation homes in every state and calculated the overall growth since 2009.Surprisingly, it’s not Florida or California, but Montana that tops the list...

Data Reveals Vacation Home Hot Spots Across the Country

Whether it’s a cabin in the woods or a beachside bungalow, vacation homes come in all shapes, sizes and locations. We took a closer look at vacation home destinations across the country to find which cities and towns have the most vacation homes. We also analyzed the...

1031 Exchange and Defer? Or Sell and Pay Taxes?

Commercial and Investment property sales remain robust and a growing number of sellers are structuring their sales as 1031 Exchanges.  Rather than pay taxes that may be as much as 40% of the gain, by simply structuring their sales as 1031 Exchanges and purchasing new...

How Important is Your Qualified Intermediary?

Why Your 1031 Intermediary Choice MattersIf you are considering a 1031 tax deferred exchange to defer taxes when you sell your investment property, a “1031 Qualified Intermediary” (QI) is generally required.  Prior to the transfer of the old investment property, the...

Survey: Do Airbnb Guests Trust Their Hosts?

First impressions can go a long way. When it comes to owning and operating a vacation investment property like an Airbnb, the guest’s first impression of you as a host can either make or break their decision to rent a property. Traits such as trust, the host’s online...

Survey: What Guests Want in an Airbnb

Vacation rental company Airbnb has provided property owners with the opportunity to turn their houses, condominiums and other types of real estate into lucrative investment properties. However, the key to getting a strong return on investment and keeping your property...

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