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!
🍬What is the 1031 Exchange Timeline?🍬 Navigating the complexities of a 1031 exchange can be overwhelming, especially when it comes to understanding the timelines involved. At Asset Preservation, Inc. (API), we provide unmatched service and comprehensive knowledge [...]
1031 Exchange News Update
In this fast-paced webinar, we will address 1031 tax-deferred exchange issues in the Commercial Market including: Partnerships and 1031 Exchanges: Handling LLC/Partnership Sales when some partners want to sell for cash and others want to [...]
Can Your Vacation Home Qualify for a 1031 Exchange?
New Location, Same Great Customer Service We are delighted to announce that Asset Preservation New York office has moved and is now located in Westhampton Beach, New York! Our new office is located at 135 [...]
Selling Appreciated Property
The Federal Tax Code provides a number of ways for taxpayers to dispose of, exchange, or sell appreciated property and receive tax benefits. Let’s briefly go over several of these ways. Read More » Join us [...]