updated October 2020 Be sure to read Tax Straddling – Pay Taxes in 2021 or 2022? Which Year to Choose? October is now in full force with waves of pink ribbons, pumpkins and scary haunted houses. However being scared is not necessary for those investors hesitant about...
Forget cooking shows, America’s newest reality show obsession is watching real estate shows such as Flip This House, Flip or Flop, and Rehab Addict. Seeing how a house is bought at a bargain price, quickly transformed and sold for large profits can be scintillating....
updated June 2020 Be sure to read Strategically Buying Your Dream Vacation Home with a 1031 Exchange It’s the middle of summer and as investors dream about lazy days on the beach, a scorching hot question often asked this time of year is whether a vacation or second...
Watch out California property owners. Starting in January 2014, the tax man might come a knocking. In the past, if you have moved California investments via a 1031 Exchange out of California, from January 1, 2014 on, you will now be required to file an annual...
180 is the magic number. One hundred and eighty days. If you don’t complete your 1031 Exchange within the IRS mandated time frame, it’s simple. Failed exchange. However there can be exceptions when catastrophic events such as natural disasters occur and only if the...
Taxes are a hot topic these days. If you can defer your taxes, it’s truly a no brainer. If certain conditions are met. a 1031 Exchange allows an investor to defer taxes by simply rolling profits from the sale of an investment property into another investment property...
updated June 2020 Disaster Relief has changed. Be sure to read the most current Disaster Relief information Rev. Proc. 2018-58 here. This year our country has been stricken with a number of devastating natural disasters which have caused loss of life, property and...
