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
1031 Exchange Update
1031 Exchange Update Here is a brief update regarding 1031 exchange activity from Stewart’s 1031 exchange qualified intermediary, Asset Preservation, Inc. (API): 1031 Exchanges are up Significantly: The increase in prices and rents for both commercial [...]
1031 Exchange & Primary Residence
1031 Exchange & Primary Residence The tax code provides a number of provisions that provide benefits to taxpayers who own real property. IRC Section 1031 allows for tax deferral on the sale of a property [...]
2017 Tax Reform for Economic Growth and American Jobs
2017 Tax Reform for Economic Growth and American Jobs The White House announced its tax reform plan today by releasing a breakdown of the key points of the plan. The document includes a reaction from [...]
1031 Exchange EAT Tax Opinion
New York EAT Transfer Tax Advisory Opinion - No Transfer Tax on Parking Arrangements in NY Finding that an EAT's transfer of New York realty to the taxpayer in a reverse like-kind exchange doesn't trigger New [...]