Newport Beach businessman Webb Morrow figures he’s swapped real estate properties roughly 25 times in the past two decades,tax free. Morrow, now in his 70s, has bought and sold apartments, retail ...
Real estate investors seeking to minimize capital gains tax exposure while simplifying their investment strategy now have access to a streamlined alternative to traditional 1031 exchanges. This ...
When addressing the significant tax obligations clients may incur from the sale of real property, the 1031 tax-deferred exchange is an effective strategy by which to defer capital gains and build net ...
A 1031 exchange allows certain real estate investors to defer capital gains taxes when selling one investment property and reinvesting proceeds from the sale into another similar property. Taxes are ...
Selling real estate can turn a large profit, but it also comes with a large tax bill. That's where a 1031 exchange comes in handy: by offering you a deferred tax break. But 1031 exchanges are ...
As the adage goes, “Don’t do business with relatives.” If a taxpayer enters into a Section 1031 tax-deferred real property exchange (an “Exchange”) with a relative or with a “related person” the adage ...
By Louis Rogers of Capital Square Navigating the complex tax rules of a Section 1031 exchange can be a complicated experience ...
On April 28, 2021, President Joe Biden revealed a slew of tax proposals. One of these proposals involved curtailing the use of a long-standing planning tool — the Tax Deferred Like-Kind Exchange.
Legal 1031 Exchange Services hired an exchange director who will work with clients in locations such as Maryland, Washington, D.C., and Virginia. Read on to learn more.
Commercial real estate professionals and investors spent much of 2021 worrying about the continued availability of 1031 tax deferred exchanges for investment real estate. There were a number of ...
Sussman Shank LLP served as lead counsel for both the sale of 9 assisted living, memory care, and independent living campuses in Washington, Oregon, and California to a publicly-traded REIT, and the ...
For the past year the real estate investment community has feared that, among other things, the 1031 Tax Deferred Exchange could be on the chopping block under a Democrat administration. First, a ...