ADVANCED
Articles with advanced
information about how 1031 exchanges work...
. . .
• PREVIEW:
07.07.10 - We're
getting a lot more calls these
days from real estate
investors wanting to do reverse
exchanges. That's a good
sign for
the real estate market. Read why
I think so, here...
A Reverse Exchange Primer - by
Gary Gorman in The Colorado Real
Estate Journal, 07.07.10
.
. .
• There's
a lot of little 1031 rules
most people, even
industry professionals,
don't know about. Did you know
that it's possible to take some
cash out of an exchange tax-free?
This is a very specialized circumstance,
but read on: it may apply to YOU!
Have Your Cake and Eat It Too - by
Gary Gorman in The Colorado Real
Estate Journal, 02.10.10
• Can you buy
a residence as your 1031 replacement
property and then move into it? You’re allowed
to do this provided there is no
question that you bought the rental
house for investment. Read this
for the details....
Using
Section 1031 to Buy a House You
Want to Live In - by
Gary Gorman in The Colorado Real
Estate Journal, 08.05.09
. . .
• Can you sell multiple properties
in a 1031 exchange and roll all
the gain into one larger property?
A normal 1031 exchange has certain
rules, and selling multiple properties
doesn’t change those rules.
But it certainly presents speed
bumps that you’ll need to
overcome....
Speed
Bumps: Selling Multiple Properties
in a 1031 Exchange - by
Gary Gorman in The Colorado Real
Estate Journal, 07.01.09
. . .
• A Court ruled
that 'sub-accounts' are not 'separate
accounts' when it came to the bankruptcy
assets of LandAmerica's 1031 division.
The decision didn't just hurt the
division—it
brought down the entire company.
Clients were hurt by the decision,
but WHICH clients got hurt takes
a peculiar twist....
Bankruptcy Court Ruling: 1031 Sub-Accounts Available to Creditors - by
Gary Gorman in The Colorado Real
Estate Journal, 06.03.09
. . .
• In
a recent Private Letter Ruling
the IRS ruled that the taxpayer
could acquire a 50% partnership
interest in a reverse exchange
and then subsequently take over
that interest to complete their
exchange....
50%
Partnership Interest Purchase: ‘OK’ says
IRS in a Reverse Exchange - by
Gary Gorman in The Colorado Real
Estate Journal, 04.01.09
. . .
• In
today’s real estate market,
this is a great question that commonly
arises: "What does happen if you
sell a property bought in a 1031
exchange at a loss...?"
What
Happens When You Sell An Exchange
Property At A Loss? - by
Gary Gorman in The Colorado Real
Estate Journal, 02.18.09
. . .
• One
of the largest title companies
in the United States filed for
bankruptcy--brought down by its'
1031 exchange operation. Do you
know what your exchange account’s
invested in?...
Where’s
Your Pooled Exchange Account Invested? - by
Gary Gorman in Realty Times,
01.21.09
. . .
• Congress
passed the Housing Assistance Act of
2008 to help those who were losing
homes in foreclosure, but it could
affect taxation on the gain from the
sale of YOUR personal residence....
Congress
Limits Gain Exclusion on the Sale
of Some Primary Residences - by
Gary Gorman for Realty Times, 01.21.09
. . .
• Just as its name implies, a Reverse Exchange lets you to take advantage of the
tax benefits of a 1031 exchange,
but instead allows you to purchase
your new property before you sell
your old one....
Capitalize on the Current Real Estate Market with a Reverse Exchange - by
Gary Gorman for ForeclosuresMass,
11.25.08
. . .
• I’m amazed that more of my clients
don’t have cost segregation studies
done on their properties. If you
are one of the vast majority of
property owners who’ve never heard
of a cost seg study you should
take a look at this great tax benefit.....
Cost Segregation Studies
and 1031 Exchanges - by
Gary Gorman for The Colorado Real
Estate Journal, 11.05.08
. . .
|
Donna
Fries' radio interview with
Gary Gorman
• It
seems that every time I turn around,
I hear the term “short sales” in connection
with real estate. I hear talk of them
in the locker room at the gym; I read
about them in the newspaper, and I
see them on the Six O’clock News. Since
short sales are the big topic of....
