by William Horan | Dec 9, 2014 | 1031 Strategies, Realty Exchange Corporation
What is the Purpose of this Paper? We get asked many times what will be the tax impact if I sell ? The purpose of this paper is to answer that question and help property owners decide what they should do. With the many changes that took place in 2013, including...
by William Horan | Jul 29, 2014 | 1031 Strategies, 8824, Reporting, Tax Impact
Section 1031 exchanges are not included in net investment income ( NII ). The proposed IRS regulations to implement IRC Section 1411 were circulated for comment in December 2012. It was clearly stated in the prologue to the proposed regulations that deferred gain from...
by William Horan | Jul 22, 2014 | Realty Exchange Corporation
The Federation of Exchange Accommodators (FEA) has made it easy for investors and businesses to tell their Representative and Senators the value of IRC §1031, and the need to keep it to help promote the economy. 1031 exchanges benefit all tax payers, by promoting...
by admin | Mar 15, 2014 | Realty Exchange Corporation
Proposed Change to Primary Residence Exclusion Rules to Five out of Eight Years One of the proposed provisions not getting much attention in the House Ways and Means Committee Chairman Dave Camp’s (R-MI) “Tax Reform Act of 2014” is Section 1401...
by admin | Mar 15, 2014 | Tax Reform
In addition to the severe tax reform suggestions in the House and Senate tax reform draft discussion papers the 2015 Presidential budget proposes that real property 1031 exchange deferrals be limited annually to $1 million per taxpayer. Also there would be rules for...
by William Horan | Feb 20, 2014 | Critical Elements, Process, Qualified Intermediary, Regulations
Qualified Intermediary Safe Harbor The IRS established safe harbors to complete a 1031 exchange in accordance with the law. A key behind the safe harbor is to make sure the taxpayer does not actually or constructively receive proceeds or other property during an...
