1031 Exchange Newsletters
- 1031 Exchanges in Marriage Dissolutionby Greg Lehrmann, Attorney Double Board Certified • Commercial and Residential Real Estate Law Big Picture The dissolution of a marriage frequently requires the division and disposition of real estate. Whenever that real estate is investment or business property — rather than solely a principal residence with no business or substantial amount of land —… Read more: 1031 Exchanges in Marriage Dissolution
- Convert your pistachio farm to mailbox money tax-freeby Greg Lehrmann, Attorney Double Board Certified • Commercial and Residential Real Estate Law Big Picture The 1031 exchange, a cornerstone of the tax code since 1921, offers a powerful tax deferral strategy for those selling pistachio farms. This provision allows property owners in the agriculture sector to defer capital gains taxes by reinvesting the… Read more: Convert your pistachio farm to mailbox money tax-free
- 1031 Closing Costs: What Can Be Paid From Exchange Funds?by Greg Lehrmann, Attorney Double Board Certified • Commercial and Residential Real Estate Law The Big Picture In a 1031 exchange, not all closing costs are created equal. Certain expenses can be covered with exchange proceeds without triggering tax consequences, while others are better handled outside the exchange. Why It Matters Using exchange funds for… Read more: 1031 Closing Costs: What Can Be Paid From Exchange Funds?
- Mixed-Use Propertiesby Greg Lehrmann, Attorney Double Board Certified • Commercial and Residential Real Estate Law The Big Picture Certain properties may qualify for the combined benefits of two tax code provisions, allowing for enhanced overall tax savings. Why it Matters Internal Revenue Code Section 121 provides for an exclusion of gain of up to $250,000 for… Read more: Mixed-Use Properties
- Building on Your Own Property in a 1031 Exchangeby Greg Lehrmann, Attorney Double Board Certified • Commercial and Residential Real Estate Law The Big Picture Sometimes a taxpayer wants to sell a property and use the exchange proceeds to construct improvements on a property “they” already own as part of a §1031 exchange. The quotation marks around “they” are intentional—because in a 1031… Read more: Building on Your Own Property in a 1031 Exchange
- Non-Safe Harbor Parking Arrangements: More Than 180 Days May Be Allowedby Greg Lehrmann, Attorney Double Board Certified • Commercial and Residential Real Estate Law The Big Picture 1031 exchanges provide a tax strategy for investors to reinvest proceeds from a sale of investment property into replacement property. When these exchanges were first authorized in 1921, it was thought that landowners had to simultaneously exchange the… Read more: Non-Safe Harbor Parking Arrangements: More Than 180 Days May Be Allowed
- Select Issues with 1031 Exchangesby Greg Lehrmann, Attorney Double Board Certified • Commercial and Residential Real Estate Law Share the articles to your socials! Share the articles to your socials! Scan for a script on how to mention 1031 Exchanges to potential clients About us: Greg Lehrmann is the founding member of Excel 1031 Exchange with 42 years of… Read more: Select Issues with 1031 Exchanges
- Can Foreign Investors Use 1031 Exchanges?by Greg Lehrmann, Attorney Double Board Certified • Commercial and Residential Real Estate Law Share the articles to your socials! The Big Picture Because Section 1031 of the U.S. Tax Code qualifies the property, not the person, foreign investors are not disqualified from using this section of the tax code. In other words, neither the… Read more: Can Foreign Investors Use 1031 Exchanges?
- 1031 Like-Kind Exchange Pitfalls to Avoidby Greg Lehrmann, Attorney Double Board Certified • Commercial and Residential Real Estate Law Share the articles to your socials! The Big Picture Internal Revenue Code Section 1031 and its accompanying regulations impose strict procedural and documentation requirements that must be satisfied to qualify for deferral. A taxpayer’s good faith intent to reinvest in replacement… Read more: 1031 Like-Kind Exchange Pitfalls to Avoid
- “Held For” – It’s Not What You Thinkby Greg Lehrmann, Attorney Double Board Certified • Commercial and Residential Real Estate Law Share the articles to your socials! The Big Picture Relinquished and replacement properties must be “held for” productive use in a trade or business or for investment in order to qualify for 1031 exchange tax treatment. The requirement to hold property… Read more: “Held For” – It’s Not What You Think