updated May 2020 NOTE: Personal property exchanges were repealed with the Tax Cut and Jobs Act that was signed into law on December 22, 2017, and took effect on January 1, 2018.Read about the impact the Tax Cut and Jobs Act had on Sec. 1031 here. Real Estate Exchanges...
updated June 2020 Be sure to read Property Held for Resale Purposes Most owners of real estate will tell you that if they bought a property for $75,000 and sold it a month later for $100,000, that it was a great investment. If they avoided paying the capital gain tax...
Although George W. Bush has been out of office for four years, the implications of his tax cuts are still in place….but perhaps not for long. In 2001, Congress passed The Economic Growth and Tax Relief Reconciliation Act of 2001 (a.k.a. “The Bush Tax Cuts”)...
updated June 2020 Be sure to read Planning Ahead for a Successful Exchange What do three children do when they inherit one property? If you answered “Fight!” you would probably be correct. Frequently, people think 1031 exchanges are only useful to defer taxes when an...
updated June 2020 Be sure to read Safety & Security for Exchangers and The Role of the Qualified Intermediary In recent months we’ve learned of Bernie Madoff and others who perpetrated frauds upon their clients, most recently, Russell Wasendorf, Sr. of...
updated June 2020 Be sure to read The Role of the Qualified Intermediary During recent years, real estate prices have dropped and foreclosures/deeds in lieu have increased. Economically distressed properties have been repossessed by lenders in transactions void of...
June 2012 Is it Time to Reposition Your Assets? Yes, even in this economy, IRC Section §1031 Exchanges are happening! Recently investors have taken a step back to review their portfolios and revise their strategies for maximizing their return on investments. As for...
