4 Steps to a Successful 1031 Exchange

Posted on August 25th, 2008 by domi

Remember these four steps so your next 1031 Exchange is 100% tax deferred: 

- Qualify:  Make sure the properties qualify for a 1031 Exchange.  Properties used for business or investment purposes within the U.S. qualify. 

- Replace: Re-invest all of your cash and purchase a property of equal or greater value.

- Identify: Identify your potential replacement property (or properties) on [...]

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Housing Assistance Act of 2008: Homeowner’s Exemption and investment properties

Posted on August 25th, 2008 by domi

Important News for Investors Regarding the “Homeowner’s Exemption”
One strategy taxpayers have used to avoid paying capital gains taxes has been to convert a rental property into a primary residence and later sell the property to take advantage of the Homeowner’s Exemption. The Homeowner’s Exemption (Section 121 of the Tax Code) allows a taxpayer to exclude up to [...]

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