Archive | Section 121


Thinking About Selling Your Vacation Home? The Time To Start Planning is NOW!

There are two types of real estate that can be sold with advantageous tax treatment, your primary residence and your business/investment property. Favorable treatment exists for the sale of a personal residence if the property has been the primary residence of the taxpayer for two of the preceding five years. Section 121 of the Internal […]

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The Section 1031 Police

We are often asked how Section 1031 transactions are monitored by the Internal Revenue Service (IRS) and whether a 1031 police force exists to monitor taxpayer actions.  The truth is that in nearly three decades of practice, we have never been informed of the existence of this authority.  However, we regularly point out to clients […]

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