by Eric Bicknese | Aug 1, 2021 | Blog
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...
by Eric Bicknese | Jul 27, 2020 | Blog
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...
by Eric Bicknese | Feb 5, 2020 | Blog
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...
by Eric Bicknese | Dec 20, 2019 | Blog
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...
by Eric Bicknese | Dec 3, 2019 | Blog
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...
by Eric Bicknese | Oct 16, 2019 | Blog
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...
