Can I 1031 Exchange Into Foreign Property?

I get asked this question every so often and I would love to start out by saying this is a great question for your CPA and/or your tax attorney. Now that that is out of the way, here is a bit of info I found that really gives a concise and well rounded look atContinue reading “Can I 1031 Exchange Into Foreign Property?”

Is Proposition 60/90 Fading Away?

What is the difference between Proposition 60 and Proposition 90? Proposition 60 allows transfers of base year values within the same county (intracounty). Proposition 90 allows transfers from one county to another county in California (intercounty) and it is the discretion of each county to authorize such transfers.

The Rules of “Boot” in a Section 1031 Exchange

A Taxpayer Must Not Receive “Boot” from an exchange in order for a Section 1031 exchange to be completely tax-free. Any boot received is taxable (to the extent of gain realized on the exchange). This is okay when a seller desires some cash and is willing to pay some taxes. Otherwise, boot should be avoidedContinue reading “The Rules of “Boot” in a Section 1031 Exchange”

Keep Your Capital Gains From Your Past 1031 Exchanges.

If you are a savvy real estate investor than you have leveraged the 1031 tax deferred exchange more than once. You are probably at a place in your deferral chain that you owe a decent amount of capital gains and it is keeping you from cashing out. With the TCAC/HCD Opportunity, you can take advantageContinue reading “Keep Your Capital Gains From Your Past 1031 Exchanges.”