Gagne v. Gagne: A Court Ordered Drop-and-Swap
In Gagne v. Gagne, 2019 WL 1284883 (Colorado Court of Appeals, Division V, 2019), the appellate court reviewed and approved a trial court’s order to dissolve four LLC real property holding companies owned by a mother and her son, and then swap TIC interests in those...
What kind of assets are eligible for a §1031 Exchange in 2019?
This is a case of good news and bad news. The bad news is that the Tax Cut and Jobs Act of 2017 limited §1031 Exchanges only to real property, and eliminated §1031 Exchanges of Personal Property, such as motor vehicles, equipment, franchise rights, and artwork, as...
