After years of conducting tens of thousands of successful 1031 exchanges, we found that there are a number of frequently asked questions related to this type of transaction… Equity and Gain Is my tax based on my equity or my taxable gain? Tax is calculated upon the taxable gain. Gain and equity are two separate … Read more
Whether you’re new to real estate investing altogether or are just getting ready to broaden your investing horizons odds are good that you’ll come across the term 1031 properties at some point along the way. You may be wondering what the big deal about these properties is. Why should you consider a 1031 exchange for … Read more
One of the most essential concepts in the 1031 exchange process is that a property investor must not receive any cash benefit from the proceeds of the sale of his or her relinquished property; any kind of cash benefit from the sale is considered to be boot, and this means, in fact, subject to capital … Read more
At your next board room meeting, asset management priorities will not be the primary topic and you should be ready. In most situations, business executives would most often assign asset management to manual and tedious processes which can be prone to errors, with high consequent costs in the long run. There might be strong and … Read more
MoreTax Attorneyquestions please visit : LawyerFreeFAQ.com Can a physical estate attorney back me report a 1099c if my home be forclosed on to avoid individual tax by californiaNo. A Form 1099C is filed by the LENDER involved, informing you and the IRS of the amount of money you ‘gained’ by not paying off the mortgage … Read more