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, […]
The Top Ten 1031 Exchange Misconceptions
Sometimes, the best intentions don’t quite get us to the finish line, but can leave us in a very painful spot. It’s best to steer clear of the pitfalls that can derail an exchange or limit the tax that can be deferred. With this goal in mind, we introduce our Top Ten 1031 Exchange Misconceptions: #1- If […]
Info to Go: The 1031 Like-Kind Requirement
There are several elements that must be satisfied in order to qualify for the tax deferral that a 1031 offers. One requirement is the property being sold and the property being acquired must be “like-kind”. Despite the increased number of 1031 exchanges being done, this topic is still one of the most misunderstood aspects of exchanging. […]
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, […]
If I sell rental property can I buy land to complete my 1031?
Yes, both are “like-kind.” However, land is not a depreciable asset, so be aware that you will trigger some tax consequence on the recapture of the depreciation taken on the improved property. Depreciation taken on a relinquished property cannot be rolled forward into a non-depreciable replacement property.
Did Someone Yell “TIMBER”!
When considering a 1031 exchange on the sale of timberland, there are a number of factors that need to be examined. Timber transactions may vary from simply selling a piece of land that has timber standing on it, to selling the rights to harvest, or just to leasing the land. The specific rights being granted– […]
1031 exchanging into oil, gas and mineral rights
There are other types of property that can be fractionalized besides traditional real estate that still work in the context of a 1031 exchange. With a renewed focus on energy, many investors would like to capitalize on all the activity in that sector of the market. With the right vehicle, it is possible to move […]