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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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 [...]
Improving Relinquished Property Before a Sale
It is common for a taxpayer to make repairs, updates, and improvements to enhance a relinquished property in preparation for listing with a real estate agent or broker. A commonly asked question is, “Can I [...]
Opportunity Zones & Tax Deferral
New Opportunity Zones & Tax Deferral The Tax Cuts and Jobs Act (TCJA) created a new investment vehicle called an Opportunity Zone (OZ) to encourage investment into distressed and low-income communities throughout the United States. [...]
Summer eNews
Tax Code Provisions for Appreciated Property  Watch Now – Free New Location, Same Excellent Customer Service The surge in 1031 exchange activity has dramatically increased in the Eastern United States. To help provide continued excellent [...]