I am currently undertaking a rehab property project and I am seeking valuable insights and suggestions regarding financing options. As I navigate the complexities of rehabbing a property, I find myself in need of crea...
I'm thrilled to become a part of this dynamic real estate tax forum, and I'm eager to introduce myself to this fantastic community. I am a Certified Public Accountant (CPA) specializing in real estate, with a strong c...
Thirty years ago, my mom and dad purchased a 30 acre piece of land in Huffman, TX with my 2 cousins. They paid $40K for it total. My parents put down the $20K and my cousins paid off the rest in payments.The title/dee...
Good morning BP,
I am curious about 1031 Exchange and have a couple of questions.
How did you start using 1031? What are the benefits? Are there rules associated with 1031 or any specific guidelines that need to be...
If I 1031 exchanged into a condo on a land-leased property, once the property reverts to the land owner would I have to pay any deferred taxes on the relinquished property sale? Since there would be no sale of the rep...
Two questions - can there be circumstances where a 1031 is a bad idea? And. Did anyone chose just not to do a 1031. And give the reasons.
This goes out to the CPAs/accountants...if I'm selling a property that will realize capital gains, and I decide to provide seller financing, does the IRS recognize the sale for purposes of the 1031 timeline starting a...
From a tax perspective are there big differences between a 1031 exchange and reinvesting gains within the same tax year? I buy and sell property with an LLC and just closed on a flip with a $60k profit. The sale price...
Wondering if anyone has experience with using a Delaware Statutory Trust to complete a 1031 exchange? Any insight on pro's/con's would be amazing.
My husband and I are new to real estate investing, but very eager to learn and grow in order to get him out of the manual labor field for good. We have a toddler and two dogs that we enjoy spending our free time with,...