Rachel Campagnolo
Title transfer rules in 1031 exchange
We are selling a CA investment property (single family) this summer, and plan to do a 1031 exchange into several other like investment properties. Question is, if the title is in an LLC in CA, what happens to that L...
Dal K.
transfer property into LLC before or after 1031?
My wife is selling land titled in her name, we want to 1031 the proceeds into a multifamily and own it through an LLC for liability protection. We know the 1031 relinquished and replacement properties must be titled ...
Stephen E.
Recording Professional Status
I have noticed that Tax exemption for real estate professional status. I would like to know more about what this implies and how do you obtain and record what it means to be a real estate professional.
John Pless
Rent Section 1031 Exchanged Property to Self
I have read that if you charge reasonable rental and treat the tenant as you would any other tenant, you can possibly rent a property you exchanged into to a relative. Could you rent the property to yourself? I have s...
Tyler Brown
LLC vs Tenancy in Common
My business partner and I are under contract for a multifamily property. He is putting his half of the downpayment from funds from a 1031 exchange. He was told by the 1031 agent that we cannot form an LLC for the firs...
Andrew Kniffin
Legal Structure to maximize depreciation
Imagine 2 investors wish to buy 50-50 a large multifamily:Investor A is in the 39.6% marginal income tax bracket. Investor B is in the 15% marginal income tax bracket. Each dollar of depreciation is thus more valuabl...
Marcus Welson
1031 deadline confirmation by QI/CPA & 1031 CPA recommendations
Hello everyone. Just finished a property sale. I'm trying to confirm the final replacement property identification deadline because the IRS issued a Disaster Notice that may extend my 45 day deadline.My qualified inte...
Jay Thomas
Real Estate Dealer vs Investor
How do you know if IRS tags you as a dealer. Every information out there is only talking about the differences between a dealer and investor. No one is really talking about the actual process. How do you know your cur...
Vince Coffeen
1031 LLC owned property into conventionally financed self-owned?
My wife and I just put our first rental property (condo) into our LLC with the expectation of finding and buying a new property to purchase with help from the proceeds from a 1031 exchange of the rental condo. We are ...
Liliya Patton
limitations when electing rental RE activities into one activity?
With respect to real estate professional status, are there any limitations or traps for the unwary when electing to aggregate rental real estate activities into one activity pursuant to Code Sec. 469(c)(7)(A) and Reg....