Newport Beach businessman Webb Morrow figures he’s swapped real estate properties roughly 25 times in the past two decades,tax free. Morrow, now in his 70s, has bought and sold apartments, retail ...
Real estate investors seeking to minimize capital gains tax exposure while simplifying their investment strategy now have access to a streamlined alternative to traditional 1031 exchanges. This ...
A 1031 exchange allows certain real estate investors to defer capital gains taxes when selling one investment property and reinvesting proceeds from the sale into another similar property. Taxes are ...
When addressing the significant tax obligations clients may incur from the sale of real property, the 1031 tax-deferred exchange is an effective strategy by which to defer capital gains and build net ...
On April 28, 2021, President Joe Biden revealed a slew of tax proposals. One of these proposals involved curtailing the use of a long-standing planning tool — the Tax Deferred Like-Kind Exchange.
Commercial real estate professionals and investors spent much of 2021 worrying about the continued availability of 1031 tax deferred exchanges for investment real estate. There were a number of ...
As the adage goes, “Don’t do business with relatives.” If a taxpayer enters into a Section 1031 tax-deferred real property exchange (an “Exchange”) with a relative or with a “related person” the adage ...
"Our veterans and active military have sacrificed so much for our nation, and we want to give back to those who have given us so much," said Margo McDonnell, President and CEO of 1031 CORP. "This ...
A 1031 exchange allows you to defer your capital gains and depreciation recapture taxes from an investment property by exchanging it with another property. It might sound complicated, but if you ...
For the past year the real estate investment community has feared that, among other things, the 1031 Tax Deferred Exchange could be on the chopping block under a Democrat administration. First, a ...
Sussman Shank LLP served as lead counsel for both the sale of 9 assisted living, memory care, and independent living campuses in Washington, Oregon, and California to a publicly-traded REIT, and the ...
With 2012 upon us and property values beginning to stabilize, investors in real estate should review and explore the benefits of the 1031 Tax Deferred Exchange. I have always been an advocate of this ...