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David Dahill

Recent Posts

Realized vs. Recognized Gains in Real Estate

Every real estate investor or property owner should be familiar with a couple of key concepts: “Realized Gain” and “Recognized Gain.” Although they sound similar, they are vastly different—and knowing the difference can dramatically impact your bottom line.

Posted by David Dahill on May 16, 2020

Recession Resistant Property Types Part II

In our first article on recession-resistant property types, we went over a broad range of property types that tend to perform well during a recession. In this article, we’ll look at three more types —  office, medical office, and retail. We’ll also compare certain subgroups that performed poorly during the last recession with other subgroups that fared much better.

Posted by David Dahill on May 1, 2020

You Can Do a 1031 Exchange on a Primary Residence—Here's How

One of the biggest questions we get is: “can I use my primary residence in a 1031 tax-deferred exchange?” Well, maybe not everyone, but certainly some. But, can you? The IRS’ short answer is a stern no. However, as is usually the case under the Internal Revenue Code, there are exceptions.

Posted by David Dahill on Apr 13, 2020

Updated 180-Day Date For 1031 Exchanges

Are you currently in a 1031 exchange or contemplating beginning an exchange? If you sold an investment property between October 17, 2019 and December 31, 2019, you would normally plan on filing IRS Form 4868 - Application for Automatic Extension of Time to File U.S. Individual Income Tax Return on or before April 15, 2020.  However, this year may be different with the extended IRS filing deadline of June 15, 2020.

Posted by David Dahill on Mar 27, 2020

Tax Season Is Coming: Understanding Capital Gains Reporting

With the holidays and celebrations in the rear-view mirror, your attention should turn to the next big event. Not Valentine’s Day or St. Patrick’s Day, but April 15, the tax-filing date. Even as you gather paperwork and finalize profits, losses, and expenses from 2019, it’s important to pay extra attention to your asset sales. In most cases, you’ll be required to report capital gains from those sales to the IRS through three forms: 8948, 1099-B, and Schedule D.

Posted by David Dahill on Feb 7, 2020

The Tax Benefits of Real Estate Investing

The Land Act of 1820 was one of America’s first solutions for motivating people to buy land in “The West.” By reducing the minimum price and size of a standard tract, the government made land ownership throughout the country accessible for average Americans—not just the wealthy.

Posted by David Dahill on Jan 21, 2020

The Differences In Tax Statements

Depending on how you are involved with a property, there are different tax forms to consider when filing your income taxes. These forms also arrive at different times of the year. In this article, we discuss three common real estate tax forms.

Posted by David Dahill on Jan 17, 2020

How To Treat Your DSTs During Tax Season

Tax season can be a confusing time of year. As a first time Delaware Statutory Trust (DST) investor, you’ll have an extra layer of confusion to deal with. This article is meant to give you a heads up on what to expect at year-end when it comes to DST tax documents.

Posted by David Dahill on Jan 15, 2020

What Is The Role Of A Title Company In A 1031 Exchange?

Every real estate transaction involves several interested parties: a buyer, seller, broker, mortgage lender, a Qualified Intermediary (in the case of a 1031 exchange), and a title company. Most people who have participated in a real estate deal are familiar with the roles of each of these parties, but they may not be as familiar with that of the title company.

Posted by David Dahill on Jan 3, 2020

What Is FIRPTA?

When an individual sells property in the United States, they must pay taxes on that earned income. This tax applies to foreign investors who sell property in the U.S. as well. In fear that foreign investors won’t file tax returns, the IRS requires that a withholding tax be held — which can be thought of as an ‘advance tax payment.’ This requirement is enacted through FIRPTA, which stands for the Foreign Investment in Real Property Tax Act. 

Posted by David Dahill on Dec 16, 2019

What is a 1031 Exchange?

Download the Realized Ebook - What Is A 1031 Exchange?
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