Exchanging Thoughts

Happy Independence Day from 1031 CORP.

Posted by Ellie Trovato on Wed, Jul 04, 2018

On this Wealth Building Wednesday, we would like to take a moment to remember all the heroes who have fought for our independence, freedom and unity. The brave men and women who have laid down their lives for our country deserve to be remembered not only today, but every single day.

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Topics: Fourth of July

Going Back to Basics

Posted by Ellie Trovato on Fri, Jun 29, 2018

This Friday Free for All we will go back to basics. We will look at 1031 tax-deferred exchanges, what they are, their benefits, how they work and the rules involved.

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Topics: 1031 exchanges, like-kind property, 45-Day Identification Period, benefits of 1031 exchange, Same Taxpayer Requirement

Thankful for Your Advisors

Posted by Ellie Trovato on Thu, Jun 28, 2018

We recently purchased a new home and our real estate agent was a key part of the process. Whenever buying or selling a property, advisors such as your real estate agent and accountant are crucial. This Thankful Thursday, we discuss the role of your professional advisors and why they are an important part of your 1031 tax-deferred exchange.

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Topics: 1031 Exchange, tax consequences of a 1031 exchange, 1031 exchange process, Qualified Intermediary (QI)

Making Your Home Work for You

Posted by Ellie Trovato on Wed, Jun 27, 2018

I recently purchased a new home and have started thinking about long-term investment goals including eventually converting my home into a rental property or even keeping it as a second home. There is another tax strategy that I could take advantage of down the road. Today’s Wealth Building Wednesday discusses the principal residence exclusion which allows homeowners to have a gain on the sale of their primary residence.

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Topics: 121 primary residence exclusion, capital gains, 1031 Replacement property, 1031 Exchange

Tips on Identification Guidelines and Rules

Posted by Ellie Trovato on Tue, Jun 26, 2018

Exchangers often have questions about identifying replacement property. Today’s Tuesday Tip will discuss 1031 tax-deferred exchange identification guidelines.

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Topics: 1031 like-kind property, Three property rule, 200% Value Rule, Exchange identification rules, 45-Day Identification Period

Dig Below the Surface for More Like-Kind Options

Posted by Ellie Trovato on Mon, Jun 25, 2018

When Exchangers call our 1031 CORP. Exchange Team they often ask us what assets qualify as like-kind replacement property in a tax-deferred exchange. Rental units, office buildings, duplexes and warehouses are typically properties that come to mind. This More, More Monday addresses oil, gas and mineral rights, lesser-known assets that are growing in popularity among Exchangers.

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Topics: 1031 Exchange, Like-kind requirement, Minerals, 1031 exchange of gas & oil royalties, GMO

Maximize Your Tax-Deferral by Minimizing Boot

Posted by Ellie Trovato on Fri, Jun 22, 2018

One of the many benefits of a tax-deferred exchange is the ability to defer capital gains taxes when selling and acquiring like-kind real property. This Friday Free for All discusses ways to maximize your tax deferral by minimizing taxable “boot.”

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Topics: 1031 exchanges, 1031 equal or greater value and equity, 1031 exchange closing costs, 1031 gain, section 1031

Using Equity the Right Way

Posted by Ellie Trovato on Thu, Jun 14, 2018

We all know that a tax-deferred exchange allows you to defer capital gain taxes but there is another strategy to help you get a great return on investment and tap into your equity. Today’s Thankful Thursday is about refinancing to pull equity out of your replacement property.

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Topics: 1031 gain, 1031 exchanges, 1031 equal or greater value and equity

Say Goodbye to the Landlord Headaches

Posted by Ellie Trovato on Mon, Jun 11, 2018

Over the last 12 – 18 months, the Exchange Team here at 1031 CORP. has seen a significant increase in Exchangers pursuing more passive investment opportunities with a desire to leave the three Ts of hands-on property management: tenants, toilets and trash. While these three Ts have helped many real estate investors build wealth, there often comes a point when they are ready to leave it behind but they still want the benefits of owning investment real estate and don’t want to have to pay the tax when they sell.  This More, More Monday looks at the increasingly popular Delaware Statutory Trusts, (DST), and how they offer an alternative to active real estate management.

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Topics: Delaware Statutory Trusts, Revenue Ruling 2004-86

Knowledge is Power

Posted by Ellie Trovato on Fri, Jun 08, 2018

During our twenty-seven year history, 1031 CORP. has maintained a strong commitment to educate real estate investors and their professional advisors on Section 1031 like-kind exchanges and their many benefits.  As a team, our exchange professionals have probably averaged 80+ seminars, webinars and continuing education courses each year.  Our subject matter experts strive to educate investors, business owners and their professional advisors about this often overlooked tax strategy and the ease in which they can be accomplished.  In addition to discussing the numerous benefits of 1031 tax-deferred exchanges, we clarify numerous misconceptions, review the requirements of a successful exchange and explain the role of the Qualified Intermediary.  

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Topics: 1031 CORP. Speaker Bureau, 1031 Exchange Education, 1031 Exchange Seminars, 1031 Exchange Classes