by William Horan | Aug 1, 2018 | Realty Exchange Corporation, Related Parties
Internal Revenue Code (IRC) Section 1031(f) establishes the special rules for exchanges between related parties. In addition, the IRS published “Revenue Ruling 2002-83” in November 2002, to clarify the purchase by an exchanger of the replacement property from a...
by William Horan | Jan 17, 2018 | Realty Exchange Corporation
National Association of Realtors ( NAR) has published an excellent summary of the recent tax bill impact on Homeowners and Real Estate professionals. http://narfocus.com/billdatabase/clientfiles/172/19/3062.pdf Worth the read to understand the impact....
by William Horan | Dec 22, 2017 | Realty Exchange Corporation
Tax reform bill is signed by the President with Real Estate 1031 like-kind exchanges preserved: Section 1031 like-kind exchanges for real estate are preserved under current law. The role of the Qualified Intermediary is preserved. Exchanges of personal property assets...
by William Horan | Dec 5, 2017 | 8824, Realty Exchange Corporation, Reporting
We have published and distributed annually on our website www.1031.us the comprehensive IRS form 8824 Workbook by Ed Horan titled “Reporting the Like-Kind Exchange of Real Estate Using IRS Form 8824.” The workbook is written and made available...
by William Horan | Jan 27, 2017 | Realty Exchange Corporation
In a recently published article Ken Harney, nationally syndicated real estate author, explains how 1031 exchanges are used and how they are threatened under the House Ways and Means tax reform proposal. A very large portion of 1031 exchanges are done by small real...
by William Horan | Mar 1, 2016 | Realty Exchange Corporation
A 1031 exchange reinvests in replacement property. A tax payer does not recognize the capitol gain on their tax return and avoids the 3.8% Net Investment Income (NII) Tax. Recently the IRS distributed IRS Tax Tip 2016-28 which helps taxpayers determine if they must...
