Which States Have an Estate Tax?
Some states have an estate tax, which may apply to your assets upon your death. At the time of this writing, only twelve states and Washington, D.C., have an estate tax.
What is the Difference Between Under Contract and Pending in Real Estate?
Under contract and pending have similar meanings when used as a status for a real estate listing. And, while they are sometimes used interchangeably, they have slight differences that can impact whether someone will make an offer.
What is the Only Safe Harbor for Reverse Exchanges?
Many 1031 exchanges – swapping one investment property for another in order to defer capital gains and depreciation recapture tax liabilities – are completed as forward exchanges where investors sell relinquished assets and close on replacement properties within 180 days.
What is a Self-Directed IRA in Real Estate
Self-directed individual retirement accounts (SDIRAs) can have some potential benefits compared to traditional employer-sponsored retirement accounts, especially for experienced investors.
Can You Amend Form 8824 For a 1031 Exchange?
One of the most important documents associated with completing a 1031 exchange is IRS Form 8824 for like-kind exchanges.
Does Section 1033 Apply to Personal Property?
Investors or homeowners who are required to give up their properties due to forced conversion from eminent domain, or if their property is destroyed and condemned following a natural disaster, can complete a 1033 exchange and fully defer any realized capital gains.
What Does Active Under Contract Mean For a Rental Property?
When searching for a rental property, you might see many of the same status updates you see in real estate sale listings.
What is a Related Party Transaction?
In 2021, when interest rates remained at historic lows, there were a record number of residential real estate transactions. The total number of residential home sales exceeded 7.2 million, and the value of all those transactions topped $2.8 trillion.1
How Much Does it Cost to Set Up a Delaware Statutory Trust?
Delaware Statutory Trusts are typically created and managed by professional real estate companies that act as the trust’s Sponsor. These companies leverage their expertise and experience to select and acquire various commercial real estate properties to be placed under trust and offered to investors as fractional ownership interests in the trust.
