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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Step Transaction Doctrine
1031 Exchange Webinars We Love Our Happy Customers Our exchange paperwork was flawless and always on time. Thank you. -William T., California Get Real Podcast: Ways To Defer Taxes and Get Better Returns Scott Saunders, [...]
Shared Equity Financing Agreements in a 1031 Exchange
The purchase of an undivided interest in investment property with a third party, including a child or other family member, who will occupy the property as their principal residence (referred to as the “occupying-co-owner”) can [...]
Wishing You Happy Holidays!
Dear Clients and Associates, As we bring 2021 to a close, we have extremely good news! The proposed limitation to cap 1031 like-kind exchange tax deferral was defeated. The 1031 national trade association, the Federation [...]
Wishing You a Very Happy Thanksgiving!
Thank you for referring your 1031 exchange transactions to Asset Preservation, Inc. (API) over the years. We appreciate the opportunity to provide excellent service on each and every 1031 exchange. We will continue to work [...]