Article by Isaac Roy
Section 1031 of the Internal Revenue Code generally provides that neither gain nor loss is recognized if qualifying property is exchanged for other qualifying property of a like-kind. In the above scenario, you may defer the payment of 0K in both federal and state taxes if ...
Most Recent Articles For: tax basis
Written by admin on July 9th, 2011
Written by admin on May 9th, 2011
Taxes are your major expense in your lifetime, so choose your source of income as you wish. Real estate has some of the best tax breaks of any investment in United States and some ...
Written by admin on May 7th, 2011
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 GainIs my tax based on ...
Written by admin on May 5th, 2011
For Real Estate Investors or non Investors taxes are definetely the biggest expense in ones lifetime. Let me tell you first hand that Real estate has some of the BEST TAX BREAKS of any ...
Written by admin on May 2nd, 2011
If you have an old deferred annuity but feel that a new deferred annuity will serve you better, you can exchange the old one for the new one tax free. But you better consider ...
