IDENTIFICATION RULES IN 1031 EXCHANGES
Wednesday, October 28
Following the rules is a given if you want to get the tax benefits associated with a 1031 exchange. Read on to learn more about the role identification plays and what you can do to ensure you’re in compliance for the duration of your transaction.An important part of your 1031 exchange is iden...
Expensive 1031 Tax Mistakes-Part 2
Friday, October 23
In a recent post, I covered the first five most dangerous mistakes you can make when it comes to taxes and 1031 exchanges. Now we’re covering the remaining five. Make sure you’re educated before moving forward with a like-kind exchange. Mistake #6: Assuming Tax Elimination When done properly, a 1...
Expensive 1031 Tax Mistakes-Part 1
Tuesday, October 20
Perhaps the biggest benefit of a 1031 exchange is that you have the advantage of deferring your capital gains taxes. Be aware, though, that some big tax blunders could end up costing you. This is one reason why it’s so crucial to identify the right person to help you with your 1031 exchange. This...