Extensions Due to Federally Declared Disaster Areas
Revenue Procedure 2018-58 allows for the extension of the time deadlines for 1031 Exchange transactions when there are declared disasters.
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Revenue Procedure 2018-58 allows for the extension of the time deadlines for 1031 Exchange transactions when there are declared disasters.
Read moreMany 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 moreTaxpayers are always looking for a way to avoid paying taxes. The 1031 Exchange is a wonderful way to DEFER your taxes, but it does not eliminate them.
Read moreMust I Hire a Qualified Intermediary for a 1031 Exchange?
Read moreIt is commonly believed that the FIRPTA can be deferred by doing a 1031 Exchange. This is not correct.
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 moreFor a taxpayer to qualify for the extension, they must meet the following requirements...
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