1031 Exchanges

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

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

A Guide To Understanding Reverse Exchanges

By |2019-09-10T23:38:46-06:00February 1st, 2019|Alternative Exchange Types|

Want to utilize a 1031 exchange but need to close on your replacement property first? You should consider a "reverse" 1031. These transactions are more complicated and challenging than standard exchanges, but  our company has decades of experience helping investors navigate the reverse landscape. How To Do a Reverse 1031 Exchange A brief overview of