Clarified

1031 Exchange: Unzipped

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Owners of establishments and other rental properties usually sell their assets to be able to buy a new one or upgrade to a better building.  They want to reinvest it to increase their income.  This is one good way of helping your business to recover if you have been in loss for quite some time.  … Read more

Vacation Home Exchanges Clarified

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Vacation Homes have long been a source of angst among exchangers and their advisors because of the lack of guidance on whether they qualify as an investment property for IRC §1031 purposes. In the past, exchangers readily exchanged ‘second homes’ based on the claim that in addition to enjoying the vacation home personally, they also … Read more