by William Horan | Jan 1, 2008 | Criteria, Qualified Intermediary, Regulations
By Ed Horan, Certified Exchange Specialist® Why do you need a qualified intermediary to do a tax-deferred exchange? In 1991 the IRS established the requirement for a qualified intermediary (QI) in their regulation on Section 1031 of the Internal Revenue Code. The...
by William Horan | Jan 1, 2008 | Basis
By: Ed Horan, Certified Exchange Specialist® Should I Do an Exchange? To decide if you want to do a like-kind exchange of your investment real estate, you should determine how much capital gain you will have to pay tax on if you sell the property and do not do an...
by William Horan | Jan 1, 2008 | Extensions, Reporting, Vacation Homes
By: Ed Horan, Certified Exchange Specialist® It is a stretch to see the connection between hurricanes and like-kind real estate exchanges. But the IRS has found an important one. In January of last year the IRS published Revenue Procedure 2004-13 which provided...
by William Horan | Jan 1, 2008 | Regulations, Reporting, Vacation Homes
By Ed Horan, Certified Exchange Specialist® Vacation Property Conversions When they talk about conversion in the real estate industry it is usually the process of converting an apartment building into condominiums. In the exchange world a conversion means changing a...
by William Horan | Jan 1, 2008 | Regulations
By Ed Horan, Certified Exchange Specialist® Passive losses is not a topic that sets readers on fire. But if you have a rental property and your income is over one hundred thousand dollars, you should understand the treatment of suspended losses in a 1031 exchange. For...
