1031 Exchange Newsletters
- 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
- What are “Like Kind” Properties in 1031 Exchangesby Greg Lehrmann, Attorney Double Board Certified • Commercial and Residential Real Estate Law The Big Picture Section 1031 exchanges help real property owners defer taxes on the sale of business or investment real estate by reinvesting in “like-kind” property. There is a great deal of confusion about what constitutes like-kind property. The term is… Read more: What are “Like Kind” Properties in 1031 Exchanges
- Post-July 4th Exchanges Present More Optionsby Greg Lehrmann, Attorney Double Board Certified • Commercial and Residential Real Estate Law The Big Picture Section 1031 exchanges help real estate investors defer taxes by reinvesting property sale proceeds into new property. Exchanges occurring in the second half of the calendar year often span two tax periods. This phenomenon provides more decision points… Read more: Post-July 4th Exchanges Present More Options
- Requirements for Full Tax Deferralby Greg Lehrmann, Attorney Double Board Certified • Commercial and Residential Real Estate Law The Big Picture Many taxpayers confuse what is required for full tax deferral in a 1031 exchange with calculations involved in determining the capital gain and capital gain taxes that would be owed absent a 1031 exchange. The requirements for full… Read more: Requirements for Full Tax Deferral