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Sam Shueh, mba, cdpe, reopro, pe ( (408) 425-1601)

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1031 Tax Deferred Exchange update

It looks like most people are for a free ride if an investment property sale can be exchanged for a like property still.

The tax reform bill was passed in Congress and will become law effective 2018 once signed by the President.

The good news is that 1031 advocacy efforts were successful for real estate! There will be no changes in the tax code for like-kind exchanges of real estate.

However, starting Jan 1, 2018, all personal property assets (such as autos, trucks, heavy equipment, farm machinery, artwork, collectibles and intangibles like fast-food restaurant franchise licenses) will no longer qualify for Section 1031 tax-deferral treatment. If you could benefit from an exchange of a personal property asset, you can still qualify if 1) you enter into the exchange before year-end and 2) either the relinquished property is sold OR the replacement property is acquired by the taxpayer by 12/31/17.

1

Anthony Acosta - ALLAT...

Atlanta, GA

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Rainmaker
1,100,939

Candice A. Donofrio

Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ

928-201-4BHC (4242) call/text

Delete this one dude. It's triggering my OCD!

Dec 23, 2017 07:31 AM

1

Candice A. Donofrio

Fort Mohave, AZ

Rainmaker
4,322,035

Praful Thakkar

LAER Realty Partners - Burlington, MA

Metro Boston Homes For Sale

Sam Shueh - thanks for sharing...

Dec 22, 2017 09:13 PM

1

Ajay Pandya

Columbus, OH

Rainmaker
2,230,207

Anthony Acosta - ALLATLANTAcondos.com

Harry Norman, REALTORS® - Atlanta, GA

Associate Broker

This must be a duplicate.

Dec 22, 2017 05:08 PM

1

Anthony Acosta - ALLAT...

Atlanta, GA

Rainmaker
6,003,885

Joan Cox

House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO

Denver Real Estate - Selling One Home at a Time

It looks like your question duplicated.

Dec 26, 2017 07:05 AM

Rainmaker
1,751,737

Sandy Padula & Norm Padula, JD, GRI

HomeSmart Realty West & Florida Realty Investments - , CA

Presence, Persistence & Perseverance

Great information; thanks!

Dec 25, 2017 10:00 AM

Rainmaker
1,538,464

Ryan Huggins - Thousand Oaks, CA

https://HugginsHomes.com - Thousand Oaks, CA

Residential Real Estate and Investment Properties

Thanks Sam!

Dec 24, 2017 09:36 AM

Ambassador
5,487,078

Debe Maxwell, CRS

Savvy + Company (704) 491-3310 - Charlotte, NC

The RIGHT CHARLOTTE REALTOR!

Thanks again, Sam!

Dec 23, 2017 10:02 PM

Rainmaker
1,619,511

Thomas J. Nelson, REALTOR ® CRS,ABR,PSA,RCS-D, ePRO

Big Block Realty 858.232.8722 - La Jolla, CA

Serving Coastal San Diego, Veteran's & Seniors

Thank you for the update!

Dec 23, 2017 09:03 AM

Rainmaker
8,150,772

Roy Kelley

Retired - Gaithersburg, MD

Thanks for your update.

Dec 23, 2017 07:29 AM

Rainmaker
5,482,888

Wayne Martin

Wayne M Martin - Oswego, IL

Real Estate Broker - Retired

Thanks for the update. It is the small changes that will fool you!

Dec 23, 2017 06:32 AM

Rainmaker
2,249,294

Michael J. Perry

Fathom Realty - Lancaster, PA

Lancaster, PA Relo Specialist

Thanks for the up date

Dec 23, 2017 05:35 AM

Rainmaker
5,311,875

Nina Hollander, Broker

Coldwell Banker Realty - Charlotte, NC

Your Greater Charlotte Real Estate Broker

As Yogi Berra said... deja vue all over again!

Dec 23, 2017 04:27 AM

Rainmaker
3,074,389

Tony and Suzanne Marriott, Associate Brokers

Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ

Coldwell Banker Realty

Thanks for the update!

Dec 23, 2017 04:01 AM

Rainmaker
1,650,342

Inna Ivchenko

Barcode Properties - Encino, CA

Realtor® • GRI • HAFA • PSC • Short Sale • Probate

Did you post it twice? Well, keep it, it is a great info, some need to read it twice:)

Dec 22, 2017 11:52 PM

Ambassador
6,687,212

Bob Crane

Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI

Forestland Experts! 715-204-9671

Thanks for the update Sam.

Dec 22, 2017 06:59 PM

Rainmaker
3,986,473

William Feela

WHISPERING PINES REALTY - North Branch, MN

Realtor, Whispering Pines Realty 651-674-5999 No.

Good info

Dec 22, 2017 06:38 PM

Ambassador
2,708,028

Fred Griffin Florida Real Estate

Fred Griffin Real Estate - Tallahassee, FL

Licensed Florida Real Estate Broker

Thanks for the update, Sam. I have helped several investor/friends do 1031's. I was wondering if there were going to be changes.

Dec 22, 2017 06:32 PM

Ambassador
3,430,182

Kathleen Daniels, Probate & Trust Specialist

KD Realty - 408.972.1822 - San Jose, CA

Probate Real Estate Services

Echo in the Rain .... or duplicate post?

Dec 22, 2017 06:21 PM

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