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Featured 1031 Exchange Workshop
Long Beach, California, on Wednesday, 09/17/2008
It's not just another 1031 exchange seminar! Roll-up your sleeves and get ready for an Exeter 1031 Exchange workshop experience. Read more.
Housing Act Delivers Surprise Tax Increase
The Housing and Economic Recovery Act of 2008 delivered a surprise to real estate investors. Rental property that is converted into a primary residence will no long qualify for the full $250,000/$500,000 tax-free exclusion under Section 121.
IRS to Scrutinize Partnership Swap & Drop
It appears that further scrutiny is in store for swap and drop strategies. The IRS has released its draft 2008 Partnership Income Tax Return (IRS Form 1065), which includes two questions targeting 1031 exchange transactions where a partnership completes what is called a swap and drop strategy. Swap & Drops beware.
Exeter Integrates Cost Segregation Services
1031 exchanges and cost segregation analysis can deliver the best of both worlds. You can defer capital gain taxes through a 1031 exchange, and then increase your cash flow by completing a cost segregation analysis. The cost segregation analysis allows you to accelerate your depreciation tax deductions and thereby increase your cash flow.
Partnership Interests May Qualify for 1031 Exchange!
Partnership interests have always been a challenge when structuring a 1031 exchange. The IRS now says that the acquisition of 100% of the partnership interests from the partners would qualify as an acquisition of the underlying real property. Read the following Private Letter Rulings for more information (We've included the one regarding single member LLC's as well):
Still Have Questions? Go Ahead, Ask
Our 1031 exchange advisors have the answers that you are looking for. Go Ahead, Ask. You can contact one of our 1031 exchange advisors any time you need them; 24 hours a day, 7 days a week, 365 days a year. We offer a number of ways to get the information that you are looking for.
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Exeter 1031 Exchange Services, LLC
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