tax advantage

Using Cost Segregation Studies To Tax Advantage

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The Noted English economist John Maynard Keynes once stated that “[t]he avoidance of taxes is the only intellectual pursuit that carries any reward.” While the absolute truth of that statement may be debatable, legally avoiding the payment of taxes is a national pastime that rivals baseball. A cost segregation study is perhaps the newest service … Read more

Dissolution of Partnerships in a 1031 Exchange: The Drop and Swap

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When you sell your interest in investment property, you may incur federal capital gains taxes and, in some states, state taxes as well. Your attorney, tax advisor, or real estate professional may suggest a tax-deferred exchange under Section 1031 of the Internal Revenue Code.  A 1031 tax-deferred exchange allows you to dispose of investment properties and … Read more