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. Read More
1031 Basics: How Long to Hold |
||||
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. Read More |
||||
Webinars: 1031 Exchange Issues in 2017
|
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. Read More
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.
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. Start Here
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. Read More