http://1031exchanges.blogsome.com How to defer capital gains taxes with a 1031 exchange Tue, 21 Apr 2009 08:29:28 +0000 http://backend.userland.com/rss092 en To start a 1031 Exchange, you first check with their CPA or accountant. You and your CPA need to figure out how much you would have to pay in taxes if you just sold the property outright. Your CPA can determine your adjusted basis in your property. Once your basis ... http://1031exchanges.blogsome.com/2009/04/21/nuts-and-bolts-of-doing-1031-like-kind-exchanges/ The basic premise behind a 1031 exchange is that that you, the taxpayer, are shifting all of your equity from one property to the next. In effect, the old debt is being offset by the new debt on the replacement property. However, there are two ways to usurp this premise ... http://1031exchanges.blogsome.com/2009/04/01/1031-exchanges-make-better-use-of-your-debt/ Many investors make the mistake of selling their business or investment property and end up having to pay thousands of dollars to the government in capital gains taxes. What they may not know that there are tax laws that provide them the ability to defer all of the capital gains ... http://1031exchanges.blogsome.com/2009/03/03/eradicate-your-capital-gains-tax/ The general rule when it comes to 1031 exchanges is that all proceeds from the sale must be reinvested in the replacement property, but as a property investor you likely have experience with the other costs associated with closing on a sale, including your real estate agent’s commission, the recording ... http://1031exchanges.blogsome.com/2009/02/13/what-to-know-about-closing-expenses-on-1031-exchanges/ As those in the business know, however, the downside of investing in classic cars or other collectibles is the prodigious capital gains rates that come with their sale. While you can still come out of a classic car sale with a tidy sum, you would likely balk at the 28% ... http://1031exchanges.blogsome.com/2009/01/27/1031-exchanges-are-beneficial-especially-to-classic-car-owners/ If you invested in a classic car several years ago, you’re probably patting yourself on the back right now.  Collectible car investments have appreciated considerably in recent years, and they are in high demand.  But if you decide to sell, don’t be surprised when you find yourself looking at a ... http://1031exchanges.blogsome.com/2008/09/27/how-your-classic-car-qualifies-for-a-1031-tax-exchange/ Section 1031 of U.S. tax code is based on the idea of a mutually beneficial relationship between the real estate investor and the U.S. economy as a whole.  1031 exchanges allow investors to put their capital to work in the most advantageous ways possible, which in turn stimulates the economy ... http://1031exchanges.blogsome.com/2008/09/04/what-property-investors-need-to-know-about-1031-exchanges-outside-the-us/ One of the most essential concepts behind the process of a 1031 tax exchange is that a real estate investor must not receive any direct benefit from the money gained as the result of the sale of a relinquished property; any money removed from the sale is seen as boot, ... http://1031exchanges.blogsome.com/2008/03/31/different-perspectives-on-refinancing-1031-properties/ An essential truth regarding 1031 exchanges is that you CANNOT use the proceeds off the sale of your relinquished property to construct land you own already. This is a common stumbling block for inexperienced investors. To qualify for a capital gains tax deferral, your replacement property has to be of ... http://1031exchanges.blogsome.com/2008/03/17/5/ As a player in the real estate game, you must be aware that each and every dollar that you have invested is compounding your wealth, and, in contrast, that each and every dollar that isn’t working for you can be considered a missed chance to increase your profits. So, when ... http://1031exchanges.blogsome.com/2008/03/16/how-to-conduct-a-1031-exchange/