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 taxpayerâs 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
Exchanges Provide Deferral of New 3.8% Medicare Surtax & Higher Capital Gain Tax
A 92 Year-Old Solution for Real Estate Investors Facing Higher Taxes in 2013 The familiar adage, âItâs not how much you make, but how much you keepâ rings truer than ever for real estate investors [...]
New Tax Information for Investors & Other 1031 Updates
Happy Holidays from API's President Tax Opportunity Window Closing for Investors on 12/31/12 Itâs almost impossible to watch the news on television or read any financial publication and not hear about the looming âfiscal cliffâ [...]
2012 Reviewed and Changes for 2013
2012 Reviewed and Changes for 2013 There have been numerous developments related to IRC Section 1031 during 2012. In addition, significant tax law changes are slated to take effect beginning in 2013, although there is [...]
IRS Approves 1031 Exchange Involving 2 Related Parties
IRS Approves 1031 Exchange Involving 2 Related Parties Private Letter Ruling 201242003 addresses a relatively creative situation involving two related parties that both intended to acquire the same replacement property in accordance with IRC Section [...]