Can you trade your airplane or boat in a 1031 exchange?
Wednesday, October 12
While most investors are familiar with the use of a #1031 exchange for structured real estate transactions, not many understand that an exchange can also be done on certain personal property. It is a mistake for investors to overlook personal property exchanges. Why? Because selling personal prop...
Another Way to Identify Replacement Property for Your 1031 Exchange
Tuesday, October 11
Anyone who has tried to complete a successful #1031 exchange knows that there are many rules to follow. Many, many rules. Mess up even a single one and the #IRS is likely to deny your exchange and send you a hefty tax bill. One of the areas where investors often get caught out is in naming replac...
Another Politician Takes Aim At 1031 Exchanges
Saturday, October 08
Even though he lost his bid for the Democratic presidential nomination, Sen. Bernie Sanders has not let up on his declaration to bring egalitarianism to the United States tax code. In an October 4 press release, the former presidential hopeful announced his plans to introduce legislation in the n...
1031 Exchanges Become Political Fodder ... Again!
Friday, October 07
Much like her predecessor in the office she hopes to hold come January, Hillary Clinton has placed 1031 exchange reform in the bulls-eye of her proposed plans for tax reform. While she has been vocal on the campaign trail about her plans to raise taxes on wealthy Americans, one of her lesser-know...
Do you know the 95% Rule for 1031 exchanges?
Thursday, October 06
If you’re considering a 1031 exchange, then understanding the rules of the game is not an option – it is required. The IRS is very strict about applying the rules it has set forth that govern these amazing tax-deferral transactions. No surprise there. But what does catch investors off guard is th...
What happens to the cash in a 1031 exchange?
Tuesday, October 04
In my work with #1031 exchanges (as both a qualified intermediary and a real estate professional), I often encounter #investors who are delving into the world of deferred capital gains for the first time. They understand the basic concept of trading investment property to avoid taxes, but are a l...