Partnerships and 1031 Exchanges
Available Options for Partners and Partnerships (and LLCs)
Like any taxpayer, a partnership (and a limited liability company taxed as a partnership, generally referred to herein as a “partnership”) can engage in a like-kind exchange under IRC Section 1031 to defer paying tax on capital gains. Difficulties can arise, however, when the individual partners desire different outcomes with regard to the sale of property by the partnership. Some partners may wish for the partnership to stay together and do an exchange; others may want to do their own exchange with their portion of the property; still others may wish to receive cash and simply pay the tax. What alternatives are available to the partners?
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New Podcast: 1031 Exchange Strategies and Calculation
Facilitated by Todd A. Kuhlmann, CCIM with special guest speaker - Scott R. Saunders, Senior VP of Asset Preservation, Inc. Maximize your investment return and retain more of your cash! In this 1-hour web session, we will discuss the impact of Capital Gains Taxes, the Health Care Tax - Net Investment Income Tax (NIIT), and how to use TheAnalyst® PRO to instantly calculate how much you can defer through a 1031 exchange.
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September 29-30, 2022
Thursday and Friday 2 Full Days - 12 Hours of Content
Our SVP, Scott Saunders is speaking at the first ever 2-day Summit specifically dedicated to EVERY possible tax strategy that can save YOU taxes in Real Estate transactions. Whether you're an investor or a professional in the industry, you don't want to miss this! |
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1031 Basics: Reverse Exchange Comparisons
Sometimes a taxpayer may want to perform a parking arrangement called a reverse exchange in which the replacement property is purchased before closing on the sale of the relinquished property. There are many reasons why a taxpayer may need the benefits of a reverse exchange, including being in a seller’s market where recently listed properties are quickly under contract with a buyer or where there is little inventory. Revenue Procedure 2000-37 provides guidelines and safe harbor treatment for a taxpayer to perform a parking arrangement exchange within 180-calendar days from the Exchange Accommodation Titleholder’s (EAT) purchase of the replacement property.
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Wednesday, September 28th
8:00 AM - 9:00 AM PT
CPE Credit Available
This one-hour intermediate/advanced webinar provides a concise and thorough overview of 1031 exchanges for accountants, CPAs, and tax advisors. This webinar covers critical time deadlines, like-kind requirements, fractional ownership, oil/gas/mineral rights, related party transactions, partnership/LLC scenarios, reverse and improvement exchanges, and how to avoid common pitfalls.
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Thursday, December 1st
12:00 PM - 2:00 PM CT
CLE/CPE Available This two-hour course for commercial brokers provides a concise and thorough overview of IRC Section 1031 tax-deferred exchanges. This webinar tackles advanced issues such as partnership/LLC scenarios, creative property variations such as perpetual cellular easements (cell towers), fractional ownership, transferable development rights, reverse and improvement exchanges, how to avoid common pitfalls and related-party transactions.
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Appreciation and 1031 Exchange Uptick in Vacation Destinations
The COVID-19 pandemic changed how many people work, with many more working at home or a hybrid of an at-home split with time in an office setting. This has led to a significant increase in the value of vacation home/2nd home markets as many taxpayers have contemplated relocating to a more desirable area that isn’t necessarily tied to where a physical office is located. The increase in values has resulted in many taxpayers considering a 1031 exchange and/or positioning their property as a rental property so it may qualify for a 1031 exchange in the future.
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Free 1031 Exchange Calculator
Register for a lite version of TheAnalyst PRO at no charge (no credit card required): https://theanalystpro.com/1031/ Discounted upgrade plans available to unlock all of the tools within CRE Tech’s #1 Analysis and Marketing Platform. TheAnalyst PRO includes Financial and Lease Analysis, Location Risk Analysis, Demographics, Infographics, Offering Memorandums, Flyers and Brochures.
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Top 15 Cities Where People Are Buying Investment Properties
Here are the large U.S. metros (population 1 million or more) where people are mortgaging investment properties.
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Call Us
Asset Preservation would appreciate the opportunity to work with you on your next 1031 exchange. Give us a call for a free consultation.
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Dino Champagne
VP/Division Manager
310.508.7367
dino@apiexchange.com |
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Asset Preservation, Inc., does not give tax or legal advice. The information contained herein should not be relied upon as a substitute for tax or legal advice obtained from a competent tax and/or legal advisor. You have received this email because you have subscribed to Asset Preservation, Inc. as . If you no longer wish to receive emails please unsubscribe. Asset Preservation, Inc. (API) is a qualified intermediary under the federal 1031 exchange regulations. API (and its officers, directors, and employees) cannot provide tax or legal advice to anyone. Any tax-related information or other communication received from a representative of API is not tax or legal advice and should not be relied upon in making any decision. We strongly urge you to involve your tax and/or legal advisor (or to seek such advice) in any real estate, tax or business-related transaction. You can also notify us by reply to this message, call us toll-free at 866.713.1031, email us at: e-newz@apiexchange-enewz.com or notify us in writing to: Asset Preservation, Inc., 1420 Rocky Ridge Drive, Suite 100, Roseville, CA 95661, Attn: Marketing Dept. © 2025 Stewart Information Services Corporation | All Rights Reserved | Privacy |
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