If I sell a house and buy another one with cash, can I do the 1031 tax exchange paperwork and the income tax paperwork myself legally, or am I forced by law to use an intermediary?
Chosen Answer:
you are forced by law to use an intermediary? The Qualified Intermediary (aka QI or Accommodator) is essential to completing a successful and valid 1031 exchange. It is the independent party that holds the funds between the sale and future purchase. A Qualified Intermediary should be bonded and insured against errors and omissions and employee
Sunday, September 4, 2011
Saturday, September 3, 2011
1031"Qualified Real Estate” Thy Name is Diversity
It is common to think of a 1031 transaction as one involving land for land or buildings for buildings. However, this is a tragic oversimplification.1031 transactions deal with “like-kind” property and in most people’s minds “like-kind” means both pieces of property are alike, such as trading land for land. But do not follow this train of thought when dealing with real estate; in the eyes of the IRS “like-kind” refers to all “qualified real estate”, opening the doors to a
Another 1031 Exchange Company Bites the Dust
News reached me a few days ago from a friend at a major national commercial real estate brokerage that LandAmerica 1031 Exchange, a substantial firm in the 1031 business, is ?terminating operations? immediately. They have frozen customer accounts and are unable to meet customer withdrawal demands. Seems LandAmerica invested its customers? dollars in illiquid auction rate securities. So now all LandAmerica customers who have their hard-earned capital gains and principal with LandAmerica can?t access their funds and
Friday, September 2, 2011
The Real Estate Investor's Tax Strategy Guide: Maximize tax benefits and write-offs, Implement money-saving strategiesAvoid costly mistakes,,Protect your investment.. Build your wealth
What?s Section 1031? How does it help property investment? Who qualifies for its benefits? These are the answers serious real estate investors must know - and are the kind of issues tackled in this one-stop resource. Property owners will find all the useful (and money-saving) information on real estate taxes they need, like how to: shelter rental income and earn the most from vacation properties; maximize expense and loss deductions; participate in Tenant-in-Common investing; preserve their wealth by protecting their assets; and much more!
Effects of Tax Reform on Labor Supply (AEI Special Studies in Health Reform)
This work provides analysis of labour supply in response to reduced taxes on labour in the US. The author argues that the tax reforms of the 1980s stimulated an increase in men's labour supply.
List Price: $ 9.95
Price: $
List Price: $ 9.95
Price: $
Thursday, September 1, 2011
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