February 8, 2023
What is the 3.8% “MEDICARE TAX” or NET INVESTMENT INCOME TAX (“NIIT”)?
2024 Update Many investors selling real estate or other high value investments are often surprised to find out that their tax liability could be subject to an extra 3.8% surtax...
Read More
January 30, 2023
1031 EXCHANGE UPDATE – TAX RELIEF FOR AFFECTED AREAS OF ALABAMA & GEORGIA DUE TO SEVERE STORMS, HIGH WINDS, AND TORNADOES
January 30, 2023 Beginning January 12, 2023, a severe storm made landfall and resulted in straight-line winds and tornadoes that severely impacted areas of Alabama and Georgia. Due to the...
Read More
January 18, 2023
1031 EXCHANGE UPDATE – TAX RELIEF FOR ILLINOIS DUE TO SEVERE STORMS AND FLOODING
January 17, 2023 Occurring between July 25 and 28, 2022, a severe storm accompanied by flooding severely impacted areas of Illinois. Due to the disruption caused by the storm, the...
Read More
January 17, 2023
1031 EXCHANGE UPDATE – TAX RELIEF FOR CALIFORNIA DUE TO SEVERE WINTER STORMS, FLOODING AND MUDSLIDES
January 17, 2023 Beginning January 8, 2023, a severe winter storm made landfall and resulted in flooding and mudslides that severely impacted areas of California. Please note that pursuant to...
Read More
January 9, 2023
WHY DO I NEED A QUALIFIED INTERMEDIARY BEFORE I START MY 1031 EXCHANGE? A DISCUSSION ON ACTUAL AND CONSTRUCTIVE RECEIPT
January 9, 2023 By: Julia Mastrotto, Esq., Counsel If I have already closed on the sale of real estate, is it too late to structure my transaction as a 1031...
Read More
January 3, 2023
1031 EXCHANGE UPDATE – TAX RELIEF FOR NEW YORK DUE TO SEVERE WINTER STORMS
January 3, 2023 On November 18, 2022, a severe winter storm made landfall and severely impacted areas of Upstate New York, subsequently, a second severe winter storm made landfall on...
Read More
December 29, 2022
1031 EXCHANGE UPDATE – TAX RELIEF FOR AFFECTED COUNTIES OF FLORIDA DUE TO HURRICANE NICOLE
December 29, 2022 On or about November 7, 2022, Hurricane Nicole made landfall and severely impacted areas of the State of Florida. On December 16, 2022, the IRS published Disaster...
Read More
December 6, 2022
Can I Use A 1031 Exchange To Acquire Real Estate Outside Of The U.S.?
James T. Walther, Esq., LL.M., General Counsel Julia Mastrotto, Esq., Counsel As a national qualified intermediary, we are frequently asked by investors selling U.S. real estate if they can utilize...
Read More
November 21, 2022
1031 EXCHANGE INSIGHTS: WHEN DOES THE TRANSFER OF REAL PROPERTY ACTUALLY OCCUR FOR 1031 EXCHANGE PURPOSES?
November 4, 2022 By: Julia Mastrotto, Esq., Counsel In an IRC Section 1031 exchange, the exchanger has 45 days from the date of sale to identify replacement property, and up...
Read More
October 11, 2022
1031 EXCHANGE UPDATE – TAX RELIEF FOR FLORIDA, NORTH CAROLINA, AND SOUTH CAROLINA DUE TO HURRICANE IAN
October 5, 2022 On September 29th, 2022, Hurricane Ian made landfall and severely impacted the state of Florida and subsequently, Tropical Storm Ian severely impacted the Carolinas. Because of the...
Read More