01/24/2022 / News
1031 Exchange Update: Avoid a Tax Season Trap by Preserving Your 180 day Exchange Period
IRC Section 1031 requires that taxpayers acquire all replacement property by the earlier of 180 days from the sale of the relinquished property or the Federal tax return due date...
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01/08/2022 / News
Update on 1031 Tax Relief for Hurricane Ida NY, NJ, PA, CT, LA, and MS
Updated – January 2022 Hurricane Ida made landfall on August 29th, 2021, and the IRS issued tax relief to those who reside, or who have businesses located in specified FEMA...
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12/09/2021 / News
LEGAL 1031 END OF YEAR UPDATE AND DECEMBER CONTINUING EDUCATION CLASS ANNOUNCEMENT
LEGAL 1031 END OF YEAR UPDATE AND DECEMBER CONTINUING EDUCATION CLASS ANNOUNCEMENT We hope everyone is enjoying the start to their Holiday Season! Please find year end updates and announcements...
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09/24/2021 / News
Real Estate Breathes a Sigh of Relief as Proposed Changes to Section 1031 and to the Step Up in Basis are Absent from Current Reconciliation Bill
1031 Exchange News: Tax Reform Update By: Todd R. Pajonas, Esq., President September 20, 2021 News out of Washington this week indicates a positive outlook for Section 1031 exchanges to...
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09/14/2021 / News
1031 Exchange Update – Tax Relief for areas affected by Hurricane Ida: NY, NJ, PA, LA, and MS and Tax Relief for areas affected by the California Wildfires
Updated October 26, 2021 By: James T. Walther, Esq., LL.M. General Counsel, Legal 1031 Exchange Services, LLC Hurricane Ida - Tax Relief for affected taxpayers in New York, New Jersey,...
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08/16/2021 / News
1031 Tax Reform News Update: SENATE “VOTE – A – RAMA” 1031 AMENDMENT SEEN AS A POSITIVE BY 1031 EXCHANGE ADVOCATES
By: James T. Walther, Esq., LL.M. General Counsel, Legal 1031 Exchange Services, LLC The Senate adopted initial budget amendments on August 10 for the fiscal year 2022 in a late...
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05/28/2021 / News
Tax Reform News Alert: Biden Administration Proposes to Retroactively Raise Capital Gains Taxes
Updated June 1, 2021 A Potential Retroactive Hike on Capital Gains Tax Rates? On May 28th, 2021, the United States Department of the Treasury published the "Greenbook" for the Biden...
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05/17/2021 / News
The American Families Plan: A Problematic Proposal for Real Estate Investors
By: Legal 1031 Exchange Services, LLC Todd R. Pajonas, Esq., President James T. Walther, Esq., LL.M., General Counsel Over the past year, there has been growing speculation regarding the...
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05/07/2021 / News
1031 EXCHANGE ALERT: INFORMATION AND FACT SHEET “THE 2021 AMERICAN FAMILIES PLAN”
Updated June 3, 2021 Over the past year, there has been growing speculation regarding the potential tax policies of a Biden White House and how they may affect real estate....
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05/06/2021
1031 Exchange Identification Rules and Identification Period
Identification Rules and Identification Period The Exchanger has 45-days from the date of the sale of the relinquished property to identify the potential replacement properties. The identification is a written...
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