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 » |
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FTB Notice 2019-05 Imposing the Failure to Withhold Penalty Against Qualified Intermediaries Who Actively Participate in Certain Improper Like-Kind Exchange Transactions The purpose of this Notice is to inform qualified intermediaries ("QIs") that the [...]
Executive Global Interview with Javier G. Vande Steeg
Click here to read a Fall, 2019 interview of Javier G. Vande Steeg, Asset Preservation’s President and Co-Founder by Executive Global. Mr. Vande Steeg talks about 1031 tax deferral, wealth creation and other issues of interest [...]
Purchasing Replacement Property from a Builder
When a taxpayer considers purchasing new construction from a builder as replacement property in a 1031 exchange, they should be aware of many factors in advance of the 1031 exchange transaction...Read More » WEBINARS [...]
Opportunity Zones & 1031 Exchanges-Summary of Benefits
Opportunity Zone (OZ) investments provide three federal income tax benefits for investors. Some investors want to know which strategy is generally a better approach and the summary below highlights the advantages of Opportunity Zone and [...]