1031 Exchange Expert: Qualified Intermediary, 1031 Exchanges, Accommodator, California and the U.S., etc., etc,

I will be offering a free 3-hour accredited seminar for commercial brokers, attorneys, accountants and experienced residential agents. There are still some spaces available.Advanced 1031 Exchange Seminar at the Fresno Association of Realtors located at 6720 N. West Ave, Fresno, CA.  Time: 12:30 -...

Welcome to the Central Valley 1031 Exchange Solutions group. This group is devoted to providing information and education on 1031 exchanges and the uniques challenges investors and agents face in California's Central Valley from Merced to Bakersfield.

SELLING APPRECIATED PROPERTY"A SUMMARY OF TAX ADVANTAGED STRATEGIES" The Federal Tax Code provides ways a property owner can dispose of, exchange or sell an appreciated property and receive tax benefits. Some alternatives are described below. IRC Section 121 enables a homeowner to exclude capital...

HOLDING TITLE TO REAL PROPERTY "A COMPARISON OF THREE DIFFERENT METHODS"  COMMUNITY PROPERTYJOINT TENANCYTENANCY IN COMMONPARTIESOnly husband and wifeAny number of persons(Can be husband & wife)Any number of persons (Can be husband & wife)CONVEYANCEBoth co-owners must join inconveyance of real pr...

EXCHANGE ENTITIES  "CONSIDER THESE VESTING ISSUES PRIOR TO A §1031 EXCHANGE" Generally in a §1031 tax deferred exchange, an Exchanger should take title to the replacement property in the same manner they held title on the relinquished property. In most cases, the entity initiating the exchange mu...

G 6 RESTRICTIONS (#17)"WHY EXCHANGERS CAN'T HAVE ACCESS TO EXCHANGE FUNDS"  A "Qualified Intermediary" must limit the Exchanger's ability to access funds held in the exchange account in order to meet the safe harbor requirements specified in the U.S. Treasury Regulations. Although the deferred ex...

PARTIAL EXCHANGES "DEFER SOME CAPITAL GAIN TAXES AND OBTAIN CASH NOW"One of the common misunderstandings regarding exchanges, is that you must exchange the full value of the relinquished property for replacement property to have a valid exchange. In fact, a taxpayer may choose to do a partial exc...

NEW TAX BILL AFFECTS EXCHANGES"CHANGES ARE EFFECTIVE FOR SALES CLOSING AFTER OCTOBER 22, 2004"In the post title "Converting A Rental to a Residence," we did not address the requirements if the property was originally purchased as a replacement property in a 1031 exchange. A quick summary, if  the...

SPLIT TREATMENT TRANSACTIONS "USE TWO TAX CODE SECTIONS TO YOUR ADVANTAGE"Continuing our discussion of primary residences and section 1031; in this post we look at how the two sections can be used simultaneously. ONE SALE - TWO TAX BREAKSA property owner selling a duplex, triplex or fourplex, whe...

CONVERTING A RENTAL TO A RESIDENCE "MANY TAXPAYERS CAN TAKE ADVANTAGE OF TWO TAX CODE SECTIONS"Continuing our discussion regarding the interrelationship between primary residences and and rental (investment) property under section 1031, we look at some of the issues to review with the tax advisor...