The Section 1031 Like-Kind Exchange Coalition released an economic impact study today which concludes that repealing the like-kind exchange rules would slow economic growth, reduce GDP and hurt many U.S. small businesses. Download/View the Study WASHINGTON, DC, March 18, 2015 (GLOBE NEWSWIRE) — via PRWEB – The Section 1031 Like-Kind Exchange Coalition (“Coalition”) released an […]
Archive | Real Estate Investing
Why pro-growth tax reform must preserve like-kind exchanges
This article was written by Daniel L. Goodwin and posted to “The Hill” on February 24, 2015 Goodwin is chairman and CEO of The Inland Real Estate Group of Companies, Inc., one of the nation’s largest commercial real estate and finance groups. With our economic recovery finally accelerating, pro-growth tax reform offers the potential to […]
IRC Section 1031 Exchange: A Powerful Financial Tool For the Agricultural Family
Posted by permission of the author: Christopher Nolt, LUTCF Solid Rock Realty Advisors, LLC 2020 Charlotte Street, Suite 14 Bozeman, MT 59718 406-582-1265 Office 800-517-1031 Toll-Free 800-249-1033 Fax The IRC Section 1031 Exchange is one of the most powerful tax saving and wealth building tools available for people selling highly appreciated real estate. A properly structured 1031 exchange […]
Edmund & Wheeler Welcomes Chris Brown
Franconia, NH Edmund & Wheeler, Inc. is pleased to announce that Chris Brown of Stowe VT has joined our team as an Exchange Specialist. Edmund & Wheeler, Inc. provides capital gains tax deferral services for owners who sell and replace like kind real and personal property under Section 1031 of the IRS tax code. In […]
“My accountant told me to just pay the tax…….”
We hear this troubling refrain too often. It seems that many accountants and attorneys will tell their clients that a Section 1031 exchange is cumbersome and just delaying the inevitable. Some advise that the tax rates today are the cheapest you will ever see, “It’s easier to just pay the tax” they say. In far too […]
Is It Time To Sell Your Multifamily Property?
If you have been mulling rebalancing your investment property assets, now is the time to seriously consider making the move toward a planned exit from your multifamily property ownership. According to a recent article by Jaime Lackey in the March/April edition of Northeast Real Estate Business, the New England multifamily housing market has experienced continued […]
Section 1031 Exchanges Serve as Vial Stimulant for Economic Growth
PRESS RELEASE — Release Date: April 1, 2013 Section 1031 Like-Kind Exchanges Serve as Vital Stimulant for Economic Growth After several years, real estate values are beginning to recover and activity is steadily increasing. It’s a promising trend that needs to be supported, not thwarted. IRC Section 1031 like-kind exchanges are one of the best ways […]
Did Section 1031 Fall Off the Fiscal Cliff ?
No, not at all. While the discussion (if you can call it that) in Washington is for more streamlined tax parity, the new tax rates overwhelming approved in the American Taxpayer Relief Act of 2012, and signed into law on 1/3/2013, had little impact on 1031. If anything, it is a tax strategy not to […]
Using Section 1031 to Help the Kids
At first glance, this sounds like mixing business with pleasure but it’s really not that far fetched! The traditional method to help the kids acquire a home would be to provide a gift or a loan that can be forgiven or repaid over time. The new gift limitation is $14,000 per person, per year. A […]
Choices Beyond the Neighborhood
Owners of investment and business property considering the sale and reinvestment of their real property have choices that are far greater than their own neighborhood. Section 1031 Exchanges require that the new or replacement property be “like-kind” but that definition has expanded to include diverse investments; here are three examples of replacement property opportunities: Tenant-in-common […]