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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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 [...]
2023: Expanded 1031 Exchange Opportunities for Investors
The real estate market today is very different than in recent years. Learn how the changing market provides more opportunity for 1031 exchange investors. Read More » Headwinds, at Least for Next Three Quarters No [...]
Wishing You a Happy Holidays
Dear Clients and Associates, On behalf of the API family, I thank you for your patronage and support this past year. It was a rollercoaster year in the real estate industry, and particularly for 1031 [...]