Wednesday evening, President Joseph Biden unveiled his next ambitious $1.8 trillion spending bill — dubbed the American Families Plan. Almost immediately thereafter, the real estate industry began sounding alarms over the proposal to substantially limit Section 1031 "like-kind" exchanges.
Like-Kind Exchange and "Boot" Not every 1031 Exchange qualifies for full tax deferral. What Is "Boot"? "Boot" is old financial parlance that means "value given in addition to." In
1031x is very excited to announce the release of the new 1031 Exchange Investor Center. This free resource covers 37 key topics — including IRS rules, top investor strategies, the role of the qualified intermediary, 1031 deadlines, taxable "boot",
America just had a Presidential Election. It could mean big changes for real estate investors. As we're writing this, it sure seems like Joseph Robinette Biden Jr. will become the 46th President of the United States.
We created the 1031 Insider newsletter for news just like this. (100% free -- Direct to your inbox) Back in July, advisors for the presidential campaign of former Vice-President Joe Biden unveiled a new economic agenda. This
This is your simple guide to 1031 exchange tax reporting. Nobody enjoys paying their taxes. While we can't make it fun for you, we can at least help your 1031 exchange tax reporting make more sense. In this post, you'll
How does a 1031 exchange change the tax basis in your replacement property? And, for starters, what is tax basis?Let's go over the basics and provide you a few examples. What is tax basis? Tax basis is what the IRS
- 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
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
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