Over the last 10 years, vacation rental company Airbnb has grown from a small startup with a few properties to a billion-dollar, global company that has disrupted both the vacation rental industry as well as the hotel industry. Airbnb has also changed the landscape...
As the US investor population gets older we’ve seen an upward trend with investment funds being shifted into real estate holdings that are passively held. One such method is through a Delaware Statutory Trust (DST). A DST is an investment trust which holds one or more...
updated October 2020 Be sure to read Tax Straddling – Pay Taxes in 2021 or 2022? If your transaction closed at the end of 2018 and you are unable to find new property to identify or purchase the property that you have identified, you may still be able to defer paying...
The term boot refers to non-like-kind property received in an exchange. Usually, boot is in the form of cash, an installment note, debt relief or personal property and is valued to be the “fair market value” of the non-like-kind property received. It is important to...
It’s no secret. There is and will continue to be a vast amount of foreign owned real property in the United States. And because of this, many investors involved in 1031 Exchanges have or will run across Foreign Investment in Real Property Tax Act (FIRPTA) issues. In a...
Fraud and cybercrime, particularly involving bank wire transfers for real estate transactions, continue to increase at an alarming rate. The Tax Code requires that a Qualified Intermediary (QI) hold your funds during the 1031 Exchange. Surprisingly, there are no...
10-31 Day haunts. Is your 1031 Exchange in safe hands? Watch if you dare. No tricks here. Cybercriminals are attacking 1031. Click to see what you can do to keep your 1031 funds...
