Can you do a 1031 exchange into a property you are buying through a land contract? I am asking this because (as I understand it so far) you do not actually take title to the property with a land contract until the no...
The scenario is this....Purchased a condo in Manhattan in 2006, it served as our primary residence until October 2014.Since October 2014, we have been renting it out. Basic question is...at what point, if any, would t...
I have a question regarding a 1031 exchange. I just purchased my first flip and should make a nice return on it. My question is, with a 1031 exchange do I have to find a brand new property or can I use the proceeds...
Last Friday, the Treasury released their Proposed Regulations [REG-115420-18] on Opportunity Zones - possibly the best tax shelter created, ever! At Marcum, we are hard at work putting together insights as we peruse t...
in pennsylvania does a seller receive any benefits in regards to capital gains tax. I was working on an agreement for a trip lex when the sellers attorney scared the seller into backing out. The owner has the propert...
Real estate investors are constantly seeking strategies to maximize returns and defer capital gains taxes. The 1031 exchange, a provision in the U.S. tax code, has emerged as a powerful tool for achieving both objecti...
I am trying to organize the purchase of an apartment building from a colleague. The building has doubled in value since he has owned it, and he does not want to take the huge tax hit from selling, but he does not want...
Tax season! We bought a property in 2022, remodeled and sold it in 2023, over a year after the purchase. We did most of the rehab work ourselves. Will the profit be counted as self- employment income or long-term inve...
I have a really good deal in a hot area in San Diego.The seller is motivated, the home she inherited and it is currently vacant as she lives in another city and the last tenants moved out. I have built the rapport wit...
There is a lot of false information out there regarding 1031 exchanges and one of them is that you'll have to pay taxes eventually. That's a myth!If you keep rolling one 1031 exchange into another until your time on E...