The IRS issued Final Regulations, TD 9935, effective Dec 2, 2020, that provide guidance regarding the definition of real property for Section 1031 like-kind exchange purposes. The 2017 Tax Cuts & Jobs Act (TCJA) amended §1031 by limiting its application to real...
2024 Misconceptions | 2023 Misconceptions | 2022 Misconceptions | 2021 Misconceptions | 2020 Misconceptions | 2019 Misconceptions | Common 1031 Misconceptions For 2020, here are our latest top 10 misconceptions we’ve found that the public has about 1031...
For the latest data on tiny homes, check out our 2024 report. They might be small, but tiny homes have a lot to offer to the right person with an open mind. Tiny homes have appealed to adventurous homeowners, investment property owners and travelers who are looking...
Many disaster extensions have been granted by the IRS in 2020. Accordingly, we thought it would be helpful to provide a summary of the relevant portions of Revenue Procedure 2018-58 that relate to 1031 Exchanges as well as how those provisions relate to disaster...
The Brilliance of 1031 in Estate Planning We often talk about the immediate benefits of a 1031 Tax Deferred Exchange. 1031 is a great way to preserve equity, reposition assets and defer substantial amounts in taxes. What many do not realize is that 1031 Exchanges are...
The Brilliance of 1031 in Estate Planning We often talk about the immediate benefits of a 1031 Tax Deferred Exchange. 1031 is a great way to preserve equity, reposition assets and defer substantial amounts in taxes. What many do not realize is that 1031 Exchanges are...
Be sure to read Increase in Post-Covid Travel Spurs Interest/Questions/Demand in 1031 Vacation Property Maximize Your 1031 Options In our recent How Americans Plan to Vacation During Covid-19 article, we reported that nearly half of Americans have taken or plan to...
