Five Common Myths About 1031 Exchanges
Friday, December 02
With years of popularity, most every investor or aspiring investor has heard about 1031 exchanges. What better way to defer capital gains taxes and build a real estate portfolio faster? But along with the popularity comes a lot of misinformation. And, if you believe everything you hear, you can q...
Can a Flip Qualify for a 1031 Exchange?
Wednesday, November 30
When it comes to meeting the requirements of section #1031 of the U.S. Tax Code, one key element that the IRS will scrutinize is the taxpayer’s intent. This is especially true when it comes to determining whether property has been held for investment purposes.With the popularity of house flipping...
Planning for Retirement for the Self-Employed Rancher or Farmer
Tuesday, November 29
With more and more individuals opting out of traditional employment and charting their own course as self-employed, one major area of concern is #retirement planning. This is especially true when the independent work involves certain industries, like farming, agriculture and ranching. And even th...
Can You Recoup Your Initial Down Payment in a 1031 Exchange?
Friday, November 25
If you are an investor preparing to sell one property and acquire another, one question you might be wondering about has to do with your original down payment on the relinquished property. More specifically, can you withdraw that amount and still achieve 100 percent tax-deferral on your capital g...
Have TICs Fallen From Grace?
Thursday, November 24
Tenancies in Common were once the golden child of real estate investment. However, the financial crisis of 2008 led to the collapse of the sector, at least according to this recent article.What started off as a great opportunity for investors to defer capital gains and trade-up to larger, more lu...
How Are State Taxes Calculate on a 1031 Exchange?
Wednesday, November 23
As a qualified intermediary and licensed real estate professional, I’ve personally seen the surge in taxpayers leveraging the power of a #1031 exchange. It is a great way to defer capital gains taxes and more quickly build a portfolio of business or investment properties.Yet one area where I have...