The Biden administration's proposed tax plan contemplates limiting the application of section 1031 to exchanges with gains that do not exceed $500,000. Such a restriction would seriously curtail the use of section 1031 and would likely have debilitating effects on...

One thing I have learned in nearly 20 years working with 1031 exchange investors, is that people do not like paying their capital gains tax on appreciated Real Estate. The second thing I have learned is that investors can be so fixated on avoiding the tax that they...

All of us have a story to tell. As professionals who’ve had the good fortune to participate in meaningful work in our careers, we recognize our journeys are uniquely our own. Those journeys often took surprising directions we neither expected nor understood. Mine is...

One of the common questions I frequently receive is if partnerships can participate in a 1031 exchange. Indeed, they can. But, as with any transaction operating under Internal Revenue Code regulations, there are specific requirements and methods which partnerships (or...

All too often, I've seen potential 1031 exchanges fall apart because the seller was either unable to get the price they wanted, or the buyer backed out or couldn’t get the loan approval they needed. I've also watched many investors lose out on the purchase of their...

Okay, here's another mistake I've seen more than one 1031 exchange investor make. Quite honestly, I don't view this as their fault. As I've mentioned before, the rules surrounding 1031 exchanges can be confusing and that's why it's important for an investor to work...

Previously, I've discussed why advanced planning and meeting timelines are so important in completing a successful 1031 Exchange. Well, as you might have guessed, there are several other key areas to pay attention to and this post addresses the next one: following the...

Previously, I discussed the importance of advanced planning, in facilitating a successful 1031 Exchange and this week I want to address deadlines. Timing is everything when you are trying to execute a successful 1031 Exchange. When I’m working with my clients, I...

I have had the good fortune of helping real estate investors defer capital gains tax on the sale of certain appreciated real estate for nearly 20 years. In my experience, the most significant tax break the IRS offers is IRC Section 1031, commonly referred to as...

As an experienced Financial Advisor, I constantly get asked: "What is the most important aspect of facilitating a successful 1031 Exchange?" And my answer always is "Advanced Planning." If you are looking to make a successful 1031 Exchange, advanced planning goes a...