Don't Forget Due Diligence Before Investing in a TIC or DST
Friday, February 03
Every investor wants to be certain that they are putting their money into solid investments, especially when it comes to complex real estate transactions. Due diligence – the analysis of the circumstances surrounding an investment – and full disclosure of all material facts is an essential compon...
Is An Audit More Likely If You Do A 1031 Exchange?
Wednesday, February 01
Audit. The mere word conjures up sweaty palms and a racing heartbeat. Opening your mailbox to find a letter from the #IRS is stressful enough. Opening it and discovering you’re subject to an audit takes stress to another level.Not surprisingly, investors considering a #1031 exchange are often con...
Why Do a 1031 Exchange Rather Than Selling Outright?
Sunday, January 29
A properly executed #1031 exchange allows an investor to defer paying all the capital gains taxes on the transaction. Put another way, this tax-deferral equates to a long-term and interest-free loan from the IRS. In addition, the investor retains all their gross net equity and has it available to...
Including Your Primary Residence In a 1031 Exchange
Thursday, January 26
If you’re a lucky homeowner who has accumulated extensive appreciation in your primary home, you may be wondering how to minimize taxes when it comes time to sell. The idea of a #1031 exchange comes to mind, but then you realize that the IRS code explicitly prohibits private residences from eligi...
2017 Tax Reform & Section 1031
Wednesday, January 25
Now that the new administration is settled in, Washington legislators are turning their attention to one of the key issues raised during the recent campaign – tax reform. And with House Republicans already busy at work putting together their major tax reform proposal, one specific target remains ...
What's the Difference Between Property Held for Sale vs. Investment
Tuesday, January 24
One of the key requirements for a real estate exchange to qualify under section 1031 for tax-deferral is that the property involved was held for either investment purposes or for productive use in trade or business. In many cases, this is a fairly straightforward proposition to prove.However, in ...