Realtors are usually one of the first to determine that a 1031 exchange should be considered when an individual, husband and wife or company is...
Andy Gustafson, CES
A change to the 1031 exchange is proposed in the Administration’s Fiscal Year 2015 Revenue Proposalsto be effective for all like-kind exchanges...
The ninety two year old 1031 exchange statute is once again the target for abolishment in current tax reform proposals.
Depending on whether state laws recognize timber rights as real property along with the duration of the rights directly impacts their eligibility for...
Taxpayers considering selling their farm or ranch with a primary residence can utilize both Section 121 and Section 1031 to exclude and defer capital...
When selling land, whether farmland, timberland or raw land, federal and state taxes are triggered and due in the year following the sale.
When selling farmland or a ranch that has both a primary residence and land, it is important to consider the tax consequences of Internal Revenue...
Given today’s real estate market where the lure to fix and flip is a part of mainstream reality TV, a question often in the mix is whether a 1031...
Section 1031 of the Internal Revenue Code (IRC) requires the knowledge of many 1031 exchange tax rules. Violation of just one can jeopardize the tax...