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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1031 Exchanges Face Uncertain Future
1031 Exchanges Face Uncertain Future Section 1031 Under Siege There are currently three different proposals that the federal government is weighing, which would significantly alter Section 1031: Former Sen. Max Baucus (D-Montana), who became U.S. [...]
Capital Gain Tax Rates and the Benefits of 1031 Exchanges
Capital Gain Tax Rates and the Benefits of 1031 Exchanges Exchanges Defer the 3.8% Net Investment Income Tax and 20% Capital Gain Tax The familiar adage, “It’s not how much you make, but how much [...]
Due Diligence When Recommending a QI & Other 1031 Updates
Due Diligence When Recommending a QI Have you examined your qualified intermediary (“QI”) lately? Are you sure your exchange funds are secure? Although a small number of states have enacted regulations governing IRC Section 1031 [...]
Happy Holidays from Asset Preservation
Happy Holidays from API's President To all of our Clients and Associates, I extend to you a sincere HAPPY HOLIDAYS! 2013 has been a very busy year for all of us involved in 1031 exchanges [...]