Do you have an investment property that you would like to sell, but defer the capital gains taxes? If so, then you need to consider a 1031 exchange: A 1031 exchange, otherwise known as a “tax deferred exchange” is a strategy and method for selling one investment property and then proceeding with an acquisition … Read more
A tax deferred exchange represents a simple, strategic method for selling one qualifying property and the subsequent acquisition of another qualifying property within a specific time frame. Although the logistics of selling one property and buying another are virtually identical to any standard sale and purchase scenario, an exchange is different because the entire transaction … Read more
You’re probably hearing a good deal about 1031 properties if you’re considering real estate investing. Whether this is your first investment or you’ve been around the block a time or two it’s a good idea to sit back and really examine what 1031 property exchanges can mean for you and your future in real estate … Read more
1031, tax, exchange, services,real estate, property,misconceptions Although the vast majority of exchanges occurring presently are delayed exchanges, let us briefly explain a few other exchanging alternatives. Simultaneous ExchangeAs mentioned previously, prior to Congress modifying the Internal Revenue Code as to exchanges and formally approving the concept of delayed exchanging, virtually all exchanges were of the … Read more
Learned Hand earned the distinction as the “tenth Justice of the Supreme Court” by penning opinions that would be quoted by lawyers and laymen alike. In 1934, Circuit Court of Appeals Judge Hand wrote one of his more famous though often misquoted opinions in Helvering, Commissioner of Internal Revenue v. Gregory, 69 F.2d 809 (2d … Read more