Category: Finance

“Fix-up” costs before sale and 1031 Exchanges - Understanding basis and adjusted cost basis - by Lynne Bagby

“Fix-up” costs before sale and 1031 Exchanges - Understanding basis and adjusted cost basis - by...

September 28, 2018
It is common for many New England real estate investors to make repairs, updates, and improvements to enhance a relinquished property in preparation for listing with a real estate agent or broker.
Two 1031 exchange related party questions with answers from Northern 1031 Exchange, LLC - by John Starling

Two 1031 exchange related party questions with answers from Northern 1031 Exchange, LLC - by John St...

September 28, 2018
Question 1: Can you sell your property to a related party and still qualify for a 1031 tax deferred exchange? Question 2: Can you buy your replacement property from a related party and still qualify for a 1031?
 Closing costs in a 1031 Exchange: The uncertainties and technical nature of these issues - by Bill Lopriore

Closing costs in a 1031 Exchange: The uncertainties and technical nature of these issues - by Bill ...

September 28, 2018
There are two important issues to consider when determining how to handle expenses in a 1031 exchange. 
Old Republic Exchange Company: 1031 Exchange basics – “Balancing the equities” - by Katherine Pantelakis

Old Republic Exchange Company: 1031 Exchange basics – “Balancing the equities” - by Katherine ...

September 28, 2018
When an asset is sold for more than its original cost, there is gain which the IRS will tax at the “capital gains tax rate”. The amount of capital gain is calculated by taking the selling price of the asset minus its “adjusted basis”
Exchanges may be fully tax-deferred or  partially tax-deferred and partially taxable - by Robert Charland

Exchanges may be fully tax-deferred or partially tax-deferred and partially taxable - by Robert Cha...

September 28, 2018
Exchanges may be fully tax-deferred or partially tax-deferred and partially taxable. An exchange will be partially taxable if the taxpayer receives net non-like kind property, (boot) in the exchange.