It has been a while since we did a post on Section 1031 exchanges. Tax Reform eliminated the ability for using a tax-deferred exchange on personal property. For farmers in states without an income tax ...
In times of tight margins, every purchase must have a purpose with ROI top of mind. As you optimize your equipment, crop inputs, farmland and business intellect for the year ahead, take the time to ...
At its core, a 1031 exchange is designed to accomplish one simple goal: to avoid taxes. But owners turn to 1031 exchanges to carry out a variety of business strategies. A retail owner might use an ...
Like-kind real estate exchanges, or 1031 exchanges, have been an integral part of real estate investment for many years, dating back to the Revenue Act of 1921. While these rules have evolved over ...
My heart goes out to all of those real estate investors who sold a property before COVID-19 struck. Most folks had it all planned out. They were going to avoid paying capital gains taxes on the sale ...
In general, in the case of non-retirement funds, if an individual sells their business or investment property and ultimately gains from this, then they must pay tax on that gain. However, there is an ...
The First Flatiron at Boulder's Chautauqua Park was the site of a rescue of two University of Colorado students on Friday evening, When people hear the term “1031 Exchange,” they often perceive it as ...
With a 20-year career working in cost segregation, fixed assets and depreciation laws, I’ve seen quite a bit. My team and I have helped clients large and small navigate tax cuts, tax increases, new ...
Whether you’re a first-time investor or a seasoned property owner, a 1031 exchange can impact your tax strategy significantly. Here’s how. Normally, when you sell investment property, you’re required ...
One proposal in President Joe Biden’s $1.8 trillion American Families Plan has been drawing close attention from concerned commercial real estate investors. It would place a $500,000 limit on 1031 ...
Here’s the good news: The real estate your about-to-retire client owns has increased in value significantly since they bought it. The not-as-good news: If they were to sell that property, they’d ...