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
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