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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Section 199A Guidance for Real Estate Investors on 20% Deduction
The tax code provides incentives to encourage taxpayers to invest in real estate. Section 1031 exchanges, which have been a valuable tax deferral strategy since 1921, help real estate investors redeploy capital on [...]
State Tax Withholding & Op Zones
State Tax Withholding: Summary of the Extensions & Rules Some states impose a mandatory tax withholding requirement on the sale of real property by nonresident individuals or entities. In some cases, an exemption is available [...]
Happy Holidays From Asset Preservation, Inc.
Dear Friends, As the Holidays rapidly approach us, I wanted to take a moment and thank you all for your business, your loyalty, and your work this past year. 2018 was a very busy year [...]
Happy 1031 Day
Important Information for Investors Beginning an Exchange From October 17 – December 31, 2018 Do Not File Your 2018 Income Tax Return Until Your Exchange Has Been Fully Completed. The time frame you have to complete the [...]