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In 2018 Are Your 1031 Exchange Funds at Risk?

1031 Due Diligence – Questions to ask a QI Section 1031 of the Tax Code requires that a 1031 Exchange intermediary hold the net sale proceeds from your sale until you purchase your new property. What you might not know is that during the last recession, real...

Strategically Buying Your Dream Vacation Home with a 1031 Exchange

Consider the Warm Benefits of 1031s Summer breezes. Cool mountain air. Crashing waves. Does your dream of a vacation or second home qualify for tax deferred 1031 treatment? Investors often ask if the proceeds from the sale of their investment properties will qualify...

2 Key Tax Strategies – Cost Segregation Studies & 1031 Exchanges

It is safe to assume that real estate owners and investors are interested in reducing and/or deferring their taxes. Cost segregation studies and 1031 Exchanges are two of the most valuable tax strategies available to real estate owners today. By utilizing a strategy...

1031 Tax Reform Update – June 2018

As we all know, Section 1031 was preserved in the 2017 Tax Cut and Jobs Act (JCTA), but only for real property assets.  Personal property assets, such as machinery, equipment, vehicles, rolling stock, aircraft, collectibles and artwork, no longer qualify for...

What Increases Tax Basis in a 1031 Exchange

What is tax basis? The term “basis” is the cost of a property for tax purposes.  When a property is initially purchased, its basis is the price paid for the property plus acquisition costs; often this is referred to as the “purchase money basis”.  Over the time the...