Sean Ross

About Sean Ross

Sean is Director of 1031x.com. Previously, he worked as an editor, consultant, broker, financial advisor, and journalist. 1031x.com, Inc. helps real estate investors defer realized capital gains tax recognition through the Internal Revenue Code (IRC) Section 1031. Sean was formerly the editor-in-chief at Financial Poise™. Poise creates educational content that targets investors, private business owners, and legal advisors. Here, he worked with researching, writing, and editing the content. He is also a contributor to Intuit–Quickbooks, InsideTheNation.com, Investopedia, and Axial Network, a hub offering business services to lower-middle market companies. Sean has penned thousands of articles on topics including works on insurance, retirement, investment strategy, financial analysis, international investing, private equity, and economic and monetary policy. You will see his work referenced in research and books. Sean wrote for audiences in the United States, the U.K., Canada, and Australia.

1031 Exchange or Opportunity Zones?

By |2019-10-15T16:24:42-06:00October 10th, 2019|Current News, Tax Tips|

Comparing the Pros and Cons of Opportunity Zones and 1031 Exchange   After the Trump administration signed into law the Tax Cuts and Jobs Act of 2017, America's real estate community was abuzz over the provision allowing for Qualified Opportunity Zone investments.  In particular, the 1031 exchange community took notice. This is because Opportunity Zones

Like Kind Exchange — Examples of “Boot”

By |2019-09-10T23:04:51-06:00August 25th, 2019|1031 Exchanges|

It’s not uncommon to throw around terms like “cash boot” or “mortgage boot” in a 1031 like-kind exchange. But what exactly is “boot”? You won’t find that word in the Internal Revenue Code (IRC). It does not appear in the Treasury Regulations. Here, “boot” means value “given in addition to.” The term is common

An Introduction to Tax Basis & 1031 Exchange

By |2019-09-10T23:49:55-06:00July 25th, 2019|1031 Basics, Investment Strategies, Tax Tips|

  Need a quick refresher on how 1031 exchange affects tax basis in your property? Or maybe you need a reminder about exactly what tax basis means? We'll cover the basics in this post and provide you a few examples. What is Tax Basis? Tax basis is what the IRS uses to keep track of

Partnership Strategies in a 1031 Exchange

By |2019-10-11T10:38:52-06:00June 19th, 2019|1031 Basics, Real Estate, Tax Tips|

 - What to do when some partners want to do a 1031 exchange, but others don't -   A frequent call to our company goes like this: “Five of us own an LLC. The LLC, in turn, owns a piece of real estate held for investment. It has a substantial gain in the property and

4 Better Strategies for Owner Carry Financing

By |2019-09-10T23:43:14-06:00June 10th, 2019|Investment Strategies|

Owner Carry Financing in a 1031 Exchange - Installment Sales under IRC Section 453 - Investors often ask us if owner carried financing (installment sales under IRC section 453) and a 1031 exchange (IRC section 1031) work together in the same transaction. While possible, it can be tricky adding owner carry financing to a tax-deferred

How to Replace Debt in a 1031 Exchange

By |2019-09-10T23:42:00-06:00May 1st, 2019|1031 Basics|

1031 Debt Replacement- You Don't Always Need New Debt   It’s common to read that 1031 exchangers need to “replace their debt” from their relinquished property by taking out new debt on their replacement property. This is sometimes referred to as the “equal or greater debt” rule. However, this isn’t necessarily true. The IRS doesn’t

Single Member LLCs as Tenants in Common

By |2019-09-10T23:37:50-06:00January 15th, 2019|Investment Strategies, Real Estate, Tax Tips|

- Why Tenants in Common (TIC) structure is advantageous for 1031 exchange investors -     The limited liability company (LLC) is a relatively young creature created by State statutes. By contrast, the concept of owning an asset as "tenants in common" (TIC) is centuries-old, much of it dating back to English law. In a