September 2023 Disaster Relief Update
Throughout the month of September, the IRS has issued tax relief that can extend/postpone the 45-day and 180-day deadlines applicable to ongoing
Read MoreThroughout the month of September, the IRS has issued tax relief that can extend/postpone the 45-day and 180-day deadlines applicable to ongoing
Read MoreUnder IRC Section 1031 (b) and related guidance, it is a general principle that proceeds from a sale used in the exchange
Read MoreThroughout the month of May, the IRS has issued tax relief that can extend/postpone the 45-day and 180-day deadlines applicable to ongoing
Read MoreMay 11, 2023 By: Julia Mastrotto, Esq., Counsel All too common is the question of refinance in proximity to an IRC Section 1031
Read MoreThroughout the month of April, the IRS has issued tax relief that can extend/postpone the 45-day and 180-day deadlines applicable to ongoing
Read MoreMarch 9, 2023 By: Julia Mastrotto, Esq., Counsel IRC Section 1031(a) provides that “no gain or loss shall be recognized on the
Read MoreNovember 4, 2022 By: Julia Mastrotto, Esq., Counsel In an IRC Section 1031 exchange, the exchanger has 45 days from the date
Read MoreIRC Section 1031 requires that taxpayers acquire all replacement property by the earlier of 180 days from the sale of the relinquished
Read MoreAn update to an Article that we posted earlier this year discussing the Pennsylvania Legislature’s current efforts to recognize 1031 exchanges. As of July 2021, many PA small businesses and landlords cannot utilize the 1031 exchange to efficiently transition into new real estate investments.
Is it possible PA taxpayers will be able to utilize Section 1031 like-kind exchanges in 2021?
For more on how the law in Pennsylvania may affect a 1031 exchange, see our other articles.
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