All About 1031 Tax Exchanges - With "Professor 1031"
By Jeffery R. Peterson
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A 1031 Exchange is a Tool for U.S. Taxpayers - Used to Defer All of the Federal Capital Gains Taxes from the Sale of a Business or Investment Property. Tune in HERE for the Latest News and Information on the Money-Saving World of 1031...
||Why Do I Have to Assign My Purchase Agreement to My Qualified Intermediary?||Many people ask Why do I have to assign my purchase agreement to my Qualified Intermediary? Even more, they ask Why do I have to give notice that I am assigning my contract to my intermediary to all of the other persons involved in the purchase agreement?||12 5 09||Free||View In iTunes|
||Can I Do a 1031 Exchange on My Contract for Deed Balloon Payoff?||Contract Deeds or Executor Contracts, basically installment sales, create a lot of questions. Here is one that I get a lot. I sold my property ten years ago on an installment sale, a Contract for Deed. And now, I am being paid off, and I am getting this b||5 5 09||Free||View In iTunes|
||Can I Purchase my 1031 Exchange Replacement Property on a Contract for Deed?||A lot of people wonder, Can I purchase my replacement property on a Contract for Deed? As financing gets more and more challenging, seller arranged financing looks more appealing. So, if we can find a seller that will convey the property to us on a Contra||28 4 09||Free||View In iTunes|
||Can I Call My Replacement Property Home Personal Residence and Investment?||Sometimes people want to do a 1031 Exchange into a property that they plan on immediately occupying as their home. And, they wonder to themselves well, I know that I have to treat my replacement property as either business property, property used in my tr||23 4 09||Free||View In iTunes|
||Falsifying or Inflating the Value of your 1031 Replacement Property||When you are doing a 1031 Exchange, you generally want to hit three benchmarks called the napkin test. These are generalities that typically bear out to be good indicators of whether or not all of the gains will be deferred in a 1031 Exchange. Here are th||21 4 09||Free||View In iTunes|
||More Hope for Hope Scholarship Credit||Todayâ€™s podcast is highlighting some of the changes that came from the American Recovery and Reinvestment Act of 2009 â€“ otherwise known as the Tax Stimulus Package. In particular, we are going to be talking about Section 25A, which is the Ho||16 4 09||Free||View In iTunes|
||If I Die can I take the Taxes with Me – Part 2||Section 102 of the internal revenue code says that an heir (beneficiary who inherits property) that receives property as a â€œgift, bequest, devise, or inheritanceâ€ takes that property tax-free. It states â€œGross income does not include the||9 4 09||Free||View In iTunes|
||If I Die can I take the Taxes with Me||Many people ask me questions along the lines of â€œOver the years, I have invested a large amount of money into an investment property. How does this affect my taxes if I sell the property or if I die?.â€ First, I would like to talk about the sal||7 4 09||Free||View In iTunes|
||Snake Lying in the Grass – Unexpected Recapture In a 1031 Exchange||Normally in a 1031 exchange, you defer all of your capital gains (both from appreciation in value and depreciation deductions taken over the years) by acquiring a like-kind replacement of equal of more value; and equal of more equity. In Tax Law â€“||31 3 09||Free||View In iTunes|
||Cars and Trucks are Getting More Like-Kind for 1031 Exchanges||Cars and trucks are getting more like-kind. The IRS recently issued a private letter ruling (LTR 200912004) specifically to a tax-payer that was a rental car company that conducted ongoing 1031 like-kind exchange programs. So, every time they disposed of||27 3 09||Free||View In iTunes|