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 10-31 Day!
Important information for investors beginning a 1031 exchange from October 18 – December 31, 2013 The time frame an exchanger has to complete the acquisition of a replacement property in a 1031 exchange ends at [...]
New Connecticut QI Law, PLR & Other 1031 Exchange Updates
Connecticut 1031 Exchange Qualified Intermediary Law New Law Provides Consumer Protection for Investors The State of Connecticut has enacted a new law regulating qualified intermediaries who facilitate tax deferred exchanges under IRC Section 1031. The [...]
New Leasehold Case & Other 1031 Exchange Updates
Recent Case: Leasehold Interests Not Like-Kind to Fee Interest In order to qualify for tax deferral under Internal Revenue Code §1031, both the property sold as relinquished property and the property acquired as replacement property [...]
Delaware Statutory Trust (DST): A 1031 Exchange Replacement Property Alternative
Delaware Statutory Trust (DST) A 1031 Exchange Replacement Property Alternative Honey, who shrunk the inventory? When an investor sells investment property and would like to utilize IRC Section 1031 to defer the tax on that [...]