Tick-Tock: Minding the Clock in 1031 Exchanges
One of the most common questions we hear is “How long must I own a property before I can do at 1031 exchange?” Unfortunately, this is a pivotal question that cannot be answered simply. Section 1031 of the Internal Revenue Code states that property qualified for an exchange must be “held for investment or used in a […]
Successful 1031 Strategies for Transitions: Marriage, Death & Divorce
Few events do more to change a person’s course in life than marriage, death or divorce. Issues can arise when one of these events comes up in the middle of a 1031, determining its success or failure. Thankfully, as blessed or as difficult as circumstances surrounding these life changes can be, through careful tax planning, […]
Take Action – Help Protect 1031
Take Action- Help Protect 1031 Many of you may be aware the White House is proposing to cap 1031 at $500,000.00 of gain deferral. Over the decades, the Executive Branch has asked Congress for changes in a variety of tax policy areas. Sometimes Congress agrees and makes changes and sometimes not. It is important to remember […]