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Issue #1012 | Word Count: 723 words • Read Time: 3 Minutes

Two Tax Benefits on the Sale of One: Split Treatment of Residential Properties

A common question asked by our clients is whether they can do §1031 Exchange when they sell their primary residence. The off-the-cuff answer is “no”.  Internal Revenue Code §1031 only applies to properties that are “held for productive use in a trade or business...
Issue #1011 | Word Count: 875 words • Read Time: 3 ½ Minutes

Reverse Exchanges: Parking Relinquished Property is Possible but Adds Complexity

Taxpayers can use a Reverse Exchange to avoid the biggest issue they may face in a §1031 Exchange; namely finding suitable Replacement Property in the short 45-day Identification Period after Closing on the sale of the Relinquished Property.  By allowing a...
Issue #1009 | Word Count: 1,187 words • Read Time: 5 Minutes

2020 Vision: 1031 Exchange Planning for the New Year

With the advent of the New Year, it’s time for taxpayers to begin the dreaded annual ritual of gathering their tax related documents for the journey to the accountant’s office.  This is particularly true for taxpayers involved in a 1031 Exchange, but for them it’s not...