A brief overview of 1031 Exchange Rules.
- 1031 EXCHANGE RULES
- NJ BULK SALES
- CALIFORNIA CLAW BACK
- EXCHANGE EXPENSES
- EXCHANGE STRUCTURES
- CACULATING CAPITAL GAINS TAX
- 1031 EXCHANGE DEADLINES
- TAX-DEFERRED REAL PROPERTY EXCHANGES: DO CO-OPS QUALIFY?
- TAXING COMPLICATIONS: SORTING OUT TAX-DEFERRED EXCHANGES FOR TENANTS IN COMMON
- USING COST SEGREGATION STUDIES TO TAX ADVANTAGE
If you plan on conducting business transactions in the State of New Jersey, it is imperative to find out if the sale is subject to the Bulk Sales Law.
California regulations employ a “Claw back” provision that requires any gain in property value accrued in California to be subject to California state taxes, regardless of whether or not that property was exchanged for one in another state.
There are some expenses that can be deducted from the 1031 exchange proceeds without resulting in tax consequences.
There are several 1031 exchange structures which included Forward Exchanges, Reverse Exchanges and Improvement Exchanges.
The gain, not the profit or equity, from the sale of the investment property is subject to a combination of capital gains taxes, Medicare tax, and the tax on the recapture of depreciation.
Exchangers have two important deadlines to meet in order to comply with IRC §1031 exchange requirements, which consist of the 45 day identification deadline and the 180 day exchange period.
New York Law Journal/August 9, 1999 – The topic of the article is whether a New York cooperative apartment is real property and thus can be exchanged for other real property. This article is widely considered to be the authority on the subject.
New York Law Journal/April 10, 2002 – The drive to satisfy both the statutory deadlines and reinvest all of the net proceeds in qualifying replacement property has spawned a boutique industry of companies that sell undivided tenant in common (TIC) interests in real property, most often triple net leased . . . .