How Long Do You Have to Hold Property in a 1031 Exchange?
Suppose you have previously executed a 1031 exchange, selling one property and reinvesting the proceeds into a replacement while deferring the capital gains taxes. In that case, you already know the process requires strict adherence to tight time frames. First, you must identify potential replacement assets within 45 days of the sale and then complete the purchase transaction within 180 days (including the 45 designated for identification.) Meeting this requirement can be challenging, but the reward is the ability to reinvest the entire proceeds from the sale while delaying the need to pay the capital gains taxes.
Does Tenancy by the Entirety (TBE) Have Right of Survivorship?
Tenancy by the Entirety (TBE) is one option among several ways of holding property with one or more others. TBE is only available for married couples who are treated as a single entity for tax purposes. In this usage, both parties have equal rights to the entire property, including these salient advantages:
Do I Have to Pay Tax on Stocks If I Sell and Reinvest?
Earning returns is a primary motivation for investing in stocks. Investors may also seek income through dividends, among other goals, but typically buy stocks hoping the value will increase. Early investors in successful businesses can gain substantially by buying stock and selling it when the share price is higher.
1031 Exchange Summary: Breaking Down the Key Components
The 1031 exchange, often referred to as a like-kind exchange, is a powerful tool in the world of real estate investing. It enables property owners to defer capital gains taxes when they sell one investment property and then reinvest the proceeds into another, similar property.
The Role of UPREITs in the Evolving Real Estate Landscape
Plenty of articles in recent months have detailed real estate volatility, and for good reason:
How Many Investors Can a DST Have?
Fractional investments in real estate using tools like Delaware Statutory Trusts (DSTs) are often attractive options for real estate investors who prefer not to be obligated to manage the day-to-day operations of their investment property actively.
How to Set Up a 1031 Exchange
Setting up a 1031 exchange involves a series of well-defined steps to comply with the regulations set by the Internal Revenue Service (IRS). This post will dig into the details of several critical exchange components.
Does a Medical Power of Attorney Need to be Notarized?
A medical power of attorney (often referred to informally as a healthcare proxy and formally as a Durable Power of Attorney for Healthcare Decisions) is among the most commonly used POA types. As with any POA, a medical power of attorney is a grant of authority from one person to another. In this instance, the grantor confers to the agent the authority to make medical decisions on the grantor’s behalf when they cannot do so.
DST Deals: What to Look for in a DST Offering
We have discussed the advantages of investing in Delaware Statutory Trusts (DSTs). But DSTs aren’t risk-free investments. Quite the contrary. DSTs are complex investment products, meaning you should consider multiple factors when finding – and selecting – the right trust to invest in.
Capital Gains on Inherited Properties in Texas: What You Need to Know
Taxes on inherited property are something that heirs will have to deal with rather than the owner of the estate. However, there are variations across states. Texas is one of those states that falls into a special category when it comes to capital gains on inherited properties.
