Statutory Limitations on Like-Kind ExchangesThe proposed regulations provide guidance implementing changes enacted in the Tax Cuts and Jobs Act (TCJA). These proposed regulations amend the existing regulations adding a definition of real property reflecting statutory changes limiting section 1031 to exchanges of real property. The proposed regulations provide a rule addressing a taxpayer’s receipt of personal property that is incidental to real property. They also affect taxpayers that exchange business or investment property for other business or investment property in determining whether the exchanged properties are real property for Section 1031 purposes. Read More » |
|
|
|
Call Us
Happy 1031 Day!
🎃Important Information for Investors Beginning an Exchange🎃 From October 17 – December 31, 2024 If your 1031 exchange is not complete by the due date for your tax return, you may need to file for [...]
History of Capital Gain Tax Rates
Understanding capital gains tax rates is essential for real estate investors. The U.S. tax code has evolved significantly over the years, impacting how capital gains on investments are taxed is generally based on (1) the [...]
Wishing You a Very Happy Thanksgiving
As Thanksgiving approaches, we take this opportunity to reflect on the things we are most grateful for – and you, our valued customers, are at the top of that list. Your trust in us as [...]
Section 1031 versus Section 1033
There are many tax code provisions that provide tax benefits for different situations. Section 1031 exchanges allow a taxpayer selling property held for investment or used in their business to defer paying taxes when exchanging [...]