4 days ago by Charles Perkins

At some point many investors consider a 1031 exchange. Exchanges can be a wonderful way to postpone some or all of the taxes on a sale, but they can be a tax nightmare if they are not transacted (structured) properly. There are a number of rules that must be followed to insure that an actual 1031 ex ...

Bawldguy Talking - bawldguy.com · 125 references

26 days ago by admin

A qualified intermediary (QI) is an independent party that facilitates a tax deferred exchange. The use of a QI is necessary by the IRS for all 1031 Exchanges. A QI is essential to hold the sale proceeds and to acquire the replacement property.

Internal Revenue Code - internalrevenuecode.org · 4 references

37 days ago by BawldGuy

I apologize for the sparse posting lately. The holiday season and it’s predictably fun logistics have made it somewhat, um, challenging for me and the other contributors. However, since the calendar says that lame excuse has come ‘n gone, the regularly scheduled programs will now resume. Thanks for ...

Bawldguy Talking - bawldguy.com · 125 references

52 days ago by BawldGuy

This is a San Diego county duplex. It’s for sale, asking about $470,000. The units consist of a 2 bedroom 1 bath, and a 1 bedroom 1 bath. It was built 65 years ago. The rents are $1,375 and $1,050, which are about right, give or take. I’m intimately familiar with the neighborhood, as I’ve lived and ...

Bawldguy Talking - bawldguy.com · 125 references

71 days ago by Charles Perkins

This week I was reminded once again how easy it is to fall into the trap of relying solely on technology and software to come up with the right answer. I’m not terribly old but I do remember having to do long division and multiplication by hand. When I first started in accounting I used multiple led ...

Bawldguy Talking - bawldguy.com · 125 references

119 days ago by BawldGuy

Long time readers know what I think about worshipping at the altar of cash flow — it can wound, even maim what coulda been a magnificently abundant retirement. I’ve written often on the subject. It’s my thinkin’ that the one I wrote a couple years ago was possibly my best effort. It talks about a co ...

Bawldguy Talking - bawldguy.com · 125 references

135 days ago by Vivianne Rutkowski

IRS 1031 EXCHANGE 1031 Exchanges allow taxpayers DEFER the payment of the CAPITAL GAINS TAX by selling one property and exchanging it with another LIKE-KIND property. This method allows to defer a tax payment liability that normally would have to be paid whenever capital gains from the sale of real ...

Vivianne Rutkowski's ... - viviannerutkowski.wordpress.com · Rank: 86,461 · 8 references

177 days ago by BawldGuy

BawldGuy Here: I first published this piece about six months ago. I was thinkin’ it was time to put it up top again. Hope it sheds some light for ya. There are multiple schools of thought related to investing in real estate for retirement. Two dominate. One says you buy property, holding it forever. ...

Bawldguy Talking - bawldguy.com · 125 references

200 days ago by cscpa

By Larry Jensen Whenever the phrase “1031 Exchange” comes up, most of us automatically think of exchanges of real estate since this is the most common type. However, 1031 exchanges are much broader than real estate and the Section 1031 rules apply to many different types of transactions described be ...

A Balanced Account - cscpa.wordpress.com · 1 reference

278 days ago by BetterFuture

Con los precios de propiedad en auge en los últimos años, más y más personas encuentran frente a un proyecto de ley de impuesto sobre grandes, cuando vienen a vender sus propiedades de inversión. ¿Sin embargo, te das cuenta de que hay una manera perfectamente legal para aplazar el pago de dichos imp ...

Impuestos Consejos - impuestosconsejos.blogspot.com