Exchanging Thoughts

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

Exchanging Up and Increasing Cash Flow

Posted by Ellie Trovato on Wed, Jun 06, 2018

If you are reading this blog, you likely already know that a 1031 exchange allows you to defer the gain on the sale of a business use or investment property when exchanging it for like-kind property. What you may not know, is that it can allow you to exchange up, increasing your revenue stream and overall profitability. This Wealth Building Wednesday discusses the exchange of vacant land held for investment use into like-kind, revenue producing property.

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Topics: like-kind property, benefits of 1031 exchange, 1031 like-kind property, Diversification, vacant land & 1031 exchange, vacant land, investment property

The Often Overlooked Benefits of 1031s

Posted by Ellie Trovato on Fri, May 25, 2018

A 1031 exchange allows the seller of a business use or investment property to defer the gain as long as a like-kind business use or investment property is acquired. This Friday Free for All, we will look beyond the deferred gain and review the many benefits of a 1031 exchange.

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Topics: section 1031, benefits of 1031 exchange, tax-deferred exchanges

Maybe we will bring like-kind exchanges to PA

Posted by Margo McDonnell on Fri, Jul 08, 2016

This Free for all Friday addresses 1031 CORP.'s ongoing commitment to bring like-kind exchanges to Pennsylvania.

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Topics: benefits of 1031 exchange

Value of Consulting your Tax Advisor Especially Now

Posted by Margo McDonnell on Tue, Jan 08, 2013

Our Tuesday Tip is an important one – especially now.  While 1031 CORP. has always suggested you discuss your situation with a tax advisor to determine the best you to proceed, that suggestion is more important than ever now that the tax rates have changed.  Completing a 1031 tax-deferred exchange can defer the capital gains and 3.8% Medicare Tax as well as the depreciation recapture but now exchanges can help keep you out of the 20% capital gains and dividend tax brackets and the new 39.6% income tax bracket.  Exchanges can also help avoid the personal exemption phase out and the Pease Tax. (Summary of new tax bill)

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Topics: benefits of 1031 exchange, 2013 Tax Bill

The New Tax Bill and the Hidden Benefits of a 1031 Exchange

Posted by Margo McDonnell on Fri, Jan 04, 2013

In this Friday Free for All post, we are discussing how a 1031 tax-deferred exchange can help you avoid some of new taxes included in the American Taxpayer Relief Act of 2012. This is our third post related to the new tax bill.  Impact of the New Tax Bill provided a summary of the bill and YES! The 1031 Deferred Gain May Still Be Forgiven looked at estate taxes and capital gain tax rates.

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Topics: benefits of 1031 exchange

YES! The 1031 Deferred Gain May Still Be Forgiven

Posted by Margo McDonnell on Thu, Jan 03, 2013

On this Thankful Thursday, we will still talking about the bill that averted the fiscal cliff which is officially known as the “American Taxpayer Relief Act of 2012.”  Yesterday’s post provided an overview of the bill but today we are discussing what 1031 exchangers are most interested in: CAPITAL GAINS and ESTATE TAXES.

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Topics: Fiscal Cliff, 3.8% Medicare Tax, benefits of 1031 exchange

Impact of the New Tax Bill

Posted by Margo McDonnell on Wed, Jan 02, 2013

Happy New Year! On this Wealth Building Wednesday and for the rest of this week, we will look at the bill approved by Congress to avert the “Fiscal Cliff” and what it means to taxpayers, especially those who complete 1031 tax-deferred exchanges.

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Topics: Fiscal Cliff, benefits of 1031 exchange, 2013 Tax Bill

Last Minute Exchanges are now the Norm

Posted by Margo McDonnell on Fri, Dec 14, 2012

This Free for all Friday addresses a trend 1031 CORP. has seen the last few months – initiating your 1031 tax-deferred exchange at the last minute.  In previous posts, we have mentioned the ability to set up an exchange as late as at the closing table.  Unfortunately, once the closing is complete the opportunity is lost.  Having done exchanges since 1991, 1031 CORP. has traditionally seen taxpayers set-up their exchanges months in advance but that is no longer the norm.

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Topics: benefits of 1031 exchange

Diversification: Music to my Ears

Posted by Margo McDonnell on Thu, Dec 13, 2012

On this Thankful Thursday, we are grateful for our ability to diversify in a 1031 tax-deferred exchange.  We have talked in past posts about the ability to buy or sell multiple properties in an exchange. However, one of the great benefits of a 1031 exchange is the ability to diversify the type of assets or the location of the assets. 

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Topics: 1031 exchange rules, benefits of 1031 exchange