Under 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 moreDid you know that in some situations, a person cannot act as a Qualified Intermediary (QI) for your transaction?
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:
Read moreAs many of us are planning for our children heading off to college in the fall, many of us are considering various questions.
Read moreOn March 9, 2023, President Biden released the details of his annual budget, and the proposal again includes a $500,000 cap on Section 1031.
Read moreWe all know that finding suitable replacement property for a 1031 Exchange can be challenging.
Read moreLocating replacement property is the largest concern for most taxpayers involved in a 1031 Exchange.
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