1031 Exchanges Started Later in the Year
Many taxpayers do not consider if there are any issues that may come up when starting a 1031 Exchange later in the year, but there can be.
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Many taxpayers do not consider if there are any issues that may come up when starting a 1031 Exchange later in the year, but there can be.
Read moreIt is common knowledge that a taxpayer can defer their federal and state capital gains by performing a 1031 Exchange. But many taxpayers forget that they will also defer their recapture of depreciation if handled properly.
Read moreThe 1031 Exchange is a wonderful way to DEFER your taxes, but it does not eliminate them. So taxpayers will then get creative.
Read moreA real estate investor does need key professionals that they can consult with to make sure they are getting all of the advantages in owning investment real estate.
Read moreAs we are now half-way through 2023, we want to share some of the comments we hear most from our clients here at Security 1st Exchange.
Read moreUnder Internal Revenue Code Section 121, a married couple can sell their personal residence and avoid paying taxes on up to $500,000 of the gain (or $250,000 for a single taxpayer).
Read moreSome rules in the 1031 Exchange are very grey, but there are some hard and fast rules to which you must adhere. Here are a few things you DO NOT want to do in your 1031 Exchange:
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