Realized Author: Brett Kimbro

Brett Kimbro

Brett Kimbro’s Recent Posts

Do Investors Own the Property in a Delaware Statutory Trust?

Do Investors Own the Property in a Delaware Statutory Trust?

Investment in a Delaware Statutory Trust (DST) is an anomaly since the IRS recognizes it as direct property ownership for tax purposes. Yet, each investor owns a fractional share of the properties acquired by the trust. Each investor owns a beneficial interest in the trust, which is the right to receive benefits from assets held by another party. The trust owns the real estate, and the investors are the beneficiaries.

Mar 20, 2022

How Can I Calculate a REIT Dividend?

How Can I Calculate a REIT Dividend?

For many investors, yield drives their investment choices. With public real estate investment trusts (REITs), yield is expressed in the form of quarterly or annual dividends that are a percentage of the REITs current share price on a major stock exchange.

Mar 16, 2022

Can You Use Money From a 1031 Exchange To Pay Off a Mortgage?

Can You Use Money From a 1031 Exchange To Pay Off a Mortgage?

Real estate investors can defer capital gains on the sale of an investment property by purchasing a replacement asset as part of a 1031 exchange.

Mar 12, 2022

What is the Unlimited Marital Deduction?

What is the Unlimited Marital Deduction?

In the United States, the federal government charges a tax when individuals give money or other items of value to others, whether during the givers’ lifetime or upon their death. These levies are gift and estate taxes, and sometimes inheritance taxes, and in some cases, they can be significant. While gifts to political or charitable organizations are not included in funds subject to gift taxes, many gifts given to other people can be. Here are some of the rules:

Mar 7, 2022

What is a 1099-DIV Form and What is it Used For?

What is a 1099-DIV Form and What is it Used For?

If you receive dividends from financial investments during the calendar year, you should receive an IRS Form 1099-DIV in the mail come tax season. The 1099-DIV is an IRS form that financial institutions use to report income from distributions and dividends to taxpayers.

Mar 3, 2022

What Is a Contingent Beneficiary and Do I Need One?

What Is a Contingent Beneficiary and Do I Need One?

It is important to consider various wealth management strategies when accumulating your wealth. Financial planning for the future helps ensure your wealth makes its way to the people and organizations you prefer after you pass on.

Feb 26, 2022

What Is an Estate Planning Attorney, and What Do They Do?

What Is an Estate Planning Attorney, and What Do They Do?

According to the American Bar Association, estate planning is a process covering the transfer of property at the time of death and other personal matters that may or may not include tax planning. The essential core of estate planning is often a will. A will is a legal document that explains and enforces how a person’s assets are to be allocated after their death and is thus a crucial piece of estate planning. The ABA notes that estate planning involves the advice and counsel of more than an attorney; it may also include your accountant, tax advisor, financial planner, banker, and broker.

Feb 21, 2022

What Is Form 1041 and What Is It Used For?

What Is Form 1041 and What Is It Used For?

IRS Form 1041 is used to report income for trusts and estates. For estates, the form is specifically designated to record income the estate earns after the estate's owner dies but before the distribution of assets to any beneficiaries. This is separate from a form 706 estate tax return.

Feb 15, 2022

At What Income Level Do You Not Have to Pay Capital Gains Taxes?

At What Income Level Do You Not Have to Pay Capital Gains Taxes?

Real estate investors know that capital gains taxes can take a pretty hefty bite out of the profits generated from the sale of their investment assets – that’s why many of them kick the tax can down the road by completing 1031 exchanges and deferring this tax liability.

Feb 9, 2022

Can Tenants-in-common Do a 1031 Exchange?

Can Tenants-in-common Do a 1031 Exchange?

Real estate investments provide a way to diversify your investment portfolio, but you may worry about having enough funds available to purchase real estate investment properties on your own. If this is a concern for you, you may consider purchasing investment properties by using a tenants-in-common agreement. It can allow you to invest in properties with others while still allowing owners to seek deferral of capital gain taxes through 1031 exchanges.

Feb 5, 2022

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