The Exchange Game
Commercial mortgage originators play a vital role in helping clients understand the multiple moves that can be made on the property-financing board. One of the most creative moves is the so-called “like-kind” property exchange made possible through Section 1031 of the Internal Revenue Code.
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At Asset Preservation, we are often asked, “How long do I need to hold my property to qualify for a 1031 exchange?” As explained in the article, the question - ‘how long to hold’ - is not really the right question.
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Webinars: 1031 Exchange Issues in 2017
Join our one-hour 1031 exchange webinar for tax and legal advisors (CPE credit available) on Friday, March 10th at 11:00 a.m. EST. This webinar tackles issues such as reverse and improvement exchanges, related party issues and how to avoid common pitfalls. You will receive a summary of current developments regarding possible tax reform and the implications on 1031 exchanges. Webinar Details.
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This 2-hour course for commercial brokers provides a concise and thorough overview of IRC Section 1031 tax-deferred exchanges. Join us on Monday, February 27th at 1:00 p.m. CT. This webinar tackles advanced issues such as recent developments on tax reform proposals to eliminate or cap 1031 exchange tax deferral, reverse and improvement exchanges and related-party transactions. Webinar Details.
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10 Hottest Real Estate Markets In 2017
Looking for markets to keep an eye on in 2017? Look to the Sunshine State. Five of the 10 markets we think are poised for growth are there, with the rest in the Midwest, South, and Southwest.
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Useful Forms for Tax Preparation
The tax filing date for many taxpayers is just around the corner. The Internal Revenue Service Form 8824, Like-Kind Exchanges, must be completed and filed with the IRS each time a taxpayer performs a 1031 exchange. IRS Form 8824 contains three sections related to a 1031 exchange:
•Part 1, Information on the Like-Kind Exchange; •Part II, Related Party Exchange Information; and •Part III, Realized Gain or (Loss), Recognized Gain, and Basis of Like-Kind Property Received.
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Help to Preserve 1031 Exchanges
Get involved today! With a new Republican Presidential Administration and both houses in Congress also Republican, the likelihood of a new tax reform bill is almost a certainty. To pay for lower tax rates, there have been proposals to eliminate Section 1031 like-kind exchanges from the tax code. 1031 tax-deferred exchanges benefit millions of American investors and businesses every year. 1031 exchanges encourage businesses to expand and help keep dollars moving in the U.S. economy. The repeal of 1031 exchanges would lead to negative consequences for the real estate market and the national economy, as well as lower property values, economic contraction and job loss. 1031 exchanges are relied upon by small businesses and investors in many industries, including real estate, transportation, equipment/vehicle rental/leasing, and construction. Tell your Congressional representatives that 1031 exchanges are vitally important to the commercial and residential real estate markets and the overall U.S. economy. Go to 1031taxreform.com to learn more and save 1031 exchanges.
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A Time to Speak! By Brad Watt
An article about 1031 exchanges and tax reform.
Many of us are familiar with the immutable truth that there is a time and season for everything. A time to be born, and a time to die, a time to plant and a time to uproot, a time to tear down and a time to heal...a time to SPEAK and a time to be SILENT. Well, for those of us in the commercial real estate services and investment management industry...NOW is the Time To SPEAK.
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Pamela Michaels SVP/Division Manager 866.317.1031 pmichaels@apiexchange.com
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HQ 800.282.1031 ERO 866.394.1031 info@apiexchange.com
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