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
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
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
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
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 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