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”

The $250k/$500k Home Sale Tax Exclusion

Make sure you’re taking advantage of one of the most valuable deductions ever, when selling your house. If you qualify for the exclusion, you may do anything you want with the tax-free proceeds from the sale. You are not required to reinvest the money in another house. But, if you do buy another home, youContinue reading “The $250k/$500k Home Sale Tax Exclusion”

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.”