Your First 1031 Exchange: 5 Things You Need to Know

1031 exchanges enable you to reduce or eliminate taxes on the sale of business or investment real estate. If you want to sell one business or investment property (the “relinquished property”) and purchase a “like-kind” replacement property, structuring these two transactions as a 1031 exchange can enable you to avoid capital gains tax and depreciation [...]

Understanding Taxable Boot in 1031 Exchanges

Not to familiar with 1031 Exchanges? Read our 1031 Exchange Guide. What is a 1031 exchange “boot”? Contrary to a somewhat popular misconception, a 1031 exchange isn’t an all-or-nothing proposition. It’s possible to conduct a successful 1031 exchange, but still owe some capital gains tax on the transaction — when this happens, the taxable portion [...]

2021-06-16T04:10:44-07:00June 1st, 2020|Categories: 1031 Exchange, Blog|Tags: , , |

1031 Exchanges in the Lockdown Economy

How has COVID-19 Affected the Real Estate Market? The novel coronavirus and measures taken to contain its spread have rocked the U.S. economy in a manner that is, in some ways, unprecedented. The real estate market has not been spared: in many areas, lockdowns have shuttered businesses, driving up vacancies; asking prices have dropped; property [...]

2021-05-03T11:51:30-07:00May 25th, 2020|Categories: 1031 Exchange, Blog|Tags: , , , |

Federal Tax Relief Initiatives: Deciphering the 1031 Exchange Extensions

There’s been a lot of anxiety due to the COVID-19 pandemic’s effect on the economy. In the face of these challenges, the federal government quickly announced extraordinary taxpayer relief measures by postponing tax filing and payment deadlines to July 15, 2020, as well as provide other emergency relief such as the COVOD-19 loan programs. Notice [...]

Understanding the Latest 1031 Exchange Extensions

The California Franchise Tax Board published a news release on April 15, 2020 announcing its extensions for California 1031 exchanges. The Board makes it very clear that California is going to track the federal tax filing and payment extensions exactly. The news release provides that: For California tax purposes, if a taxpayer’s 1031 like-kind exchange [...]

Why You May Want to List a DST Interest as Replacement Property for Your Section 1031 Exchange (Even If You Don’t Plan to Buy It)

1031 exchanges enable you to reduce or eliminate taxes on the sale of business or investment real estate. If you want to sell one business or investment property and purchase a “like-kind” replacement property within 180 days of the sale, structuring these two transactions as a Section 1031 exchange can enable you to avoid capital [...]

NES Financial Introduces Purpose-Built 1031 DST Administration Solution

Specialty financial administrator NES Financial announced that it has added a new, purpose-built fund administration service to its current lineup of EB-5, 1031 exchange, private equity and Opportunity Zones offerings. The 1031 DST Administration Solution leverages NES Financial’s award-winning eSTAC® administration technology to provide maximum security, transparency, and compliance to Delaware Statutory Trust (DST) managers [...]

1031 Exchange Question of the Month: “Should I Contact a QI Before or After I Sell My Property?”

1031 exchanges enable you to reduce or eliminate taxes on the sale of business or investment real estate. If you want to sell one business or investment property (the “relinquished property”) and purchase a “like-kind” replacement property within 180 days of the sale, structuring these two transactions as a 1031 exchange can enable you to [...]

1031 Exchanges: Time’s Up! … Or Is It?

Understanding the nuances of Section 1031 can make or break the success of your exchange especially 1031 exchange processing times. Although IRC Section 1031 exchanges may seem simple, that’s not always the case.  Here’s one example of a common misconception that can disqualify an otherwise straightforward 1031 exchange: How many times have you heard that you [...]

Ensure Your 1031 Exchange Funds are Secure

In today’s increasingly complex economic environment, greater opportunities arise for mismanagement and misuse of funds, fraud, or even theft. With such unprecedented levels of risk, it is crucial to work with a qualified intermediary (QI) that does more. JTC Americas was founded on the principle of delivering best practices. To help differentiate between outstanding and [...]

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