Great Tax Newsletter In my opinion the best all-around income tax info available. I still get it hard copy in the mail. Do not want to change and download. Could be bad luck. The question asked: “Will Congress limit the gain deferral from like-kind exchanges of realty?” Their answer: It looks very unlikely When real […]
Tax-Deferred When people talk about 1031 Real Estate Exchanges, they use the word Tax-Free. The correct word is Tax-Deferred. You will be paying the tax sometime later. And in every exchange one party is normally going to be taxed, unless they are also doing an exchange. You can have several legs to an exchange, but […]
So Many Times I Give Information And Then I Do Not Follow It Myself There is something that I think Duane and DJ Gomer and other rental owners should consider. Simple basic 1031 Exchange. And real estate agents should be telling their clients some of the benefits of exchanging in this market. There are so […]
Someone Discussed A New (To Me) Type Of Investment Monetized Installment Sale (M453) Transactions. They were formerly called “collateralized installment sale” or “C453” transactions. They are based on Section 453 of the IRS Code. A Person Has Property With A Low Basis If they sell, large capital gains. If they do a 1031 Exchange, they […]
1031 Is The IRS Code Section That Covers Non-Taxable Exchanges, Also Known As Starker Exchanges There is one section that rental property owners should understand. Our Taxpayer’s Situation: The couple has a long term rental in which they have lots of equity. They discussed moving into it and making it their home, but it is […]
So Many Times I Give Information And Then I Do Not Follow It Myself There is something that I think Duane and DJ Gomer and other rental owners should consider. Simple basic 1031 Exchange. And real estate agents should be telling their clients some of the benefits of exchanging in this market. There Are So […]
