1031 Exchange Basics
Section 1031 Tax-Deferred Exchanges have given investors a lot of reasons to continue to place their resources into investment real estate. Exchange transactions provide leverage to potentially increase the taxpayers’ return on their capital investment along...
1031 Exchange Basics
Most of you are aware that the taxpayer/exchanger has 45 days from the day of closing, the day of closing being the first day, to identify possible Replacement Properties when using a 1031 Exchange transaction to defer taxes. When the time comes to identify those...
1031 Exchange Basics
Here’ a question I get asked at least once a week: “How can I reduce the price of what I am going to purchase as my Replacement Property?” Well, there are a number of “exchange expenses” that will reduce the realized gain and recognized gain on a...
1031 Exchange Basics
NEW IRS Regulations define what is Real Property for Section 1031 purposes. As you are aware, I sit on the Board of Directors of the National Trade Organization, the Federation of Exchange Coordinators (FEA). I have just received a summary of the NEW IRS...
1031 Exchange Basics
1031 Exchange transactions can help business owners leverage valuable cash to finance critical growth strategies. At least once a week I get asked: What are the benefits of doing a Section 1031 Exchange? I normally give the usual answer: Deferral of Taxes...
1031 Exchange Basics
What happens if two or more taxpayers own property together, as tenants in common, and decide that they want to go their separate ways? Additionally, what happens if one of the taxpayers decides they want to do a 1031 Exchange and the other owner, decides it wants to...