Learn what drives your clients by learning the profit tax implications of real estate transactions. Stay current on the latest news, videos, forms, and updates for Tax Benefits of Ownership.
This article presents the exclusion from reassessment on a child’s acquisition, by sale or gift, of property conveyed to them by their parents or grandparents. Exclusion for gifts and sales An older couple owns residential income properties that are unencumbered by...
This article identifies the types of property which are §1031 like-kind property and distinguishes those that do not qualify as §1031 property in a real estate transaction. Qualified to sell or buy under §1031 Properties owned either for productive use in a trade or...
This article discusses the proper procedure for controlling, financing and acquiring replacement property in a §1031 warehousing transaction. Warehousing the §1031 replacement property An investor owns real estate he no longer wants. His desire is to shift his...
This article lays out the time limitations and related restrictions in a delayed exchange for the identification and acquisition of replacement property. Identification and acquisition periods An owner has entered into a purchase agreement to sell like-kind property....
This article sets out the benefits of the §1031 profit tax exemption, and discusses how a broker coordinates exchanges comprised of buyers and sellers with differing §1031 motivations. The tax-exempt sale and reinvestment Numerous benefits and advantages are available...
This article lays out the time limitations and related restrictions in a delayed exchange for the identification and acquisition of replacement property. Identification and acquisition periods An investor opens an escrow for the sale of his investment property. The...
This article addresses the proper method for conveying properties in a two-step §1031 transaction. The normal method of conveyancing An owner of real estate held for investment or for productive use in a trade or business retains a real estate broker to sell the...
This article explains the control an investor may assert over the purchase and improvement of replacement property needed to complete a §1031 transaction. Conduct ancillary to direct deeding In a delayed §1031 transaction, the real estate sold by an investor is...
This article presents the conduct which characterizes vested co-owners on title to real estate as owners of fractional interests in a partnership barring the transfer of any fractional interest from §1031 tax-exempt treatment. Exchanging fractional interests A group...