"Like-kind" means I must exchange the same type of property, such as an apartment building, for another apartment building. No! Like-kind is an unfortunate misnomer within the context of real property. 1031 exchanges are often called "like-kind exchanges" because that is the language used in the tax … [Read more...] about Top Ten Misconceptions about 1031 Exchanges – Dave Tornell at IPX 1031
2013 Tax Increase – From Dave Tornell at IPX 1031
One of my business associates just sent to me the below scenario for investors to consider on whether to sell their investment property this year and pay the tax or next year. Here is his work up for your review: Capital Gain Tax Absent any action from Congress, the Federal Capital Gain Tax … [Read more...] about 2013 Tax Increase – From Dave Tornell at IPX 1031
1031 Exchange Activity in Southwest
We all know that 1031 Exchange activity has been slow at best over the past couple of years. My friends over at IPX 1031 provided me a chart that shows the activity based upon quarter dating back to 2003. The good news is that Q1 2011 is up to a level surpassing 2010 and 2009! The other … [Read more...] about 1031 Exchange Activity in Southwest