Exchanging Thoughts

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

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

Defer, Defer, Die!

Posted by Margo McDonnell on Thu, Jul 26, 2012

Yes!  “Defer, Defer, Die!” sounds terrible phrased like that but this little known benefit of 1031 exchanges is probably its most powerful one. Sure everyone knows a 1031 exchange lets you defer the gain when exchanging one business use or investment property for another but few understand how that works long-term. The gain is deferred as long as you own the replacement property even if you eventually convert the property to personal use. 

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Topics: 1031 gain, 1031 Exchange, estate planning