How to Do a Like Kind Exchange of Real Estate - Using a Qualified Intermediary PDF Download
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Author: Edwin V. Horan Publisher: Trafford on Demand Pub ISBN: 1412046149 Category : Business & Economics Languages : en Pages : 152
Book Description
The book describes how real estate investors can safely defer capital gains tax by using a qualified intermediary to do a like kind exchange. The "safe harbor" process and IRS rules for completion of a tex deferred exchange of real estate are complex. This book explains the process step by step so that taxpayers can successfully compete their exchange. The criteria for qualifying properties is clearly explained. Worksheets in the book allow the taxpayer to compute the dederal tax that will be due if the taxpayer does not do an exchange. The important reinvestment requirements are explained in detail to ensure that the exchange will be fully tax free. The 45-day identification requirement and the 180-day exchange period are explained. A sample indentification letter is included for taxpayer use. Special exchange subjects included in the book include how to do a reverse exchange, combining an installment sale with a like kind exchange, how to convert your real estate rental into your principal residence, and the growing use of Tenancy-In-Common (TIC) commercial properties to complete an exchange. The actual Internal Revenue Code and IRS Regulations on like kind exchanges are included in the book's appendix. Also included are the suggested real estate contact addendums to show the taxpayers intent to do a like kind exchange. A tutorial on the new IRC Section 121 rules for exclusion of capital gains on the sale of a principal residence is also included. The final chapter in the book give a full explanation of how to report the exchange to the IRS and complete the intricate IRS Form 8824.
Author: Edwin V. Horan Publisher: Trafford on Demand Pub ISBN: 1412046149 Category : Business & Economics Languages : en Pages : 152
Book Description
The book describes how real estate investors can safely defer capital gains tax by using a qualified intermediary to do a like kind exchange. The "safe harbor" process and IRS rules for completion of a tex deferred exchange of real estate are complex. This book explains the process step by step so that taxpayers can successfully compete their exchange. The criteria for qualifying properties is clearly explained. Worksheets in the book allow the taxpayer to compute the dederal tax that will be due if the taxpayer does not do an exchange. The important reinvestment requirements are explained in detail to ensure that the exchange will be fully tax free. The 45-day identification requirement and the 180-day exchange period are explained. A sample indentification letter is included for taxpayer use. Special exchange subjects included in the book include how to do a reverse exchange, combining an installment sale with a like kind exchange, how to convert your real estate rental into your principal residence, and the growing use of Tenancy-In-Common (TIC) commercial properties to complete an exchange. The actual Internal Revenue Code and IRS Regulations on like kind exchanges are included in the book's appendix. Also included are the suggested real estate contact addendums to show the taxpayers intent to do a like kind exchange. A tutorial on the new IRC Section 121 rules for exclusion of capital gains on the sale of a principal residence is also included. The final chapter in the book give a full explanation of how to report the exchange to the IRS and complete the intricate IRS Form 8824.
Author: Edwin V. Horan MS Publisher: Trafford Publishing ISBN: 1698700369 Category : Business & Economics Languages : en Pages : 250
Book Description
How to Do a Like Kind Exchange of Real Estate If you own investment, business, or rental real estate this book can save you thousands of dollars in capital gains taxes. It is a true how to do book. The IRS requires a taxpayer to use a qualified intermediary if they wish to take advantage of the ‘safe harbor’ procedures established in the IRS regulation for a deferred exchange. This book explains the important and mandatory tasks for both the qualified intermediary (QI) and the taxpayer in an exchange. Simple to follow instructions and forms in this book will help you – — Learn if your property qualifies for a 1031 like kind exchange — Figure how much tax you will have to pay Uncle Sam if you sell — Determine what your reinvestment requirements will be — Know what documentation is required — Understand the exchange escrow requirements and rules — How to report the exchange to the IRS and much more !!!
Author: Leslie Pappas Publisher: ISBN: 9780692582145 Category : Languages : en Pages : 192
Book Description
This book outlines the benefits, process, and must-knows of institutional investments. Professional asset and property managers, experienced and proven experts, select, purchase, upgrade and operate Delaware Statutory Trusts to maximize cash flow and long-term returns. Their firms have been producing average annual returns in the range of 13 percent and higher. This book will show you how the industry works, will help you determine if it's a good fit, and guide you in choosing professional advisors - not everyone holding a securities license is not created equal. The book also lets you peek into the lives and portfolios of real clients as they use this strategy to boost their own investments. The book also details more sophisticated uses of institutional investing like Sequential 1031 Exchanges, maximizing depreciation and long-term estate planning concepts. It's a can't miss for any serious real estate investor.
Author: Garrett Sutton Publisher: RDA Press, LLC ISBN: 1937832228 Category : Business & Economics Languages : en Pages : 353
Book Description
The Loopholes of Real Estate reveals the tax and legal strategies used by the rich for generations to acquire and benefit from real estate investments. Clearly written, The Loopholes of Real Estate shows you how to open tax loopholes for your benefit and close legal loopholes for your protection.
Author: Carlos Sera Publisher: CreateSpace ISBN: 9781511466158 Category : Languages : en Pages : 282
Book Description
"A few years ago I embarked on a project to teach my children everything I knew about investing and personal finance. As you read this book, you will immediately recognize it is unlike any other investment and personal finance book you have ever encountered. The book gets its title Financial Tales because the financial lessons revealed are all told in the form of tales. We teach through tales because throughout history our greatest teachers have taught through stores, fables and parables. It is a powerful way to learn because it encourages immediate, positive and long-lasting action. In doing so, we are able to relate to the stories, either personally or by observation of others and thus gain practical skills. My goal today is to demystify a complex topic and for you to gain access to the same investment and personal finance knowledge previously reserved for family, close friends and clients. I hope you share it with all those dear to you." -Carlos Sera, author of Financial Tales These tales will also help you: Develop a sustainable relationship with money Understand financial markets Manage your investments intelligently and by yourself Identify and hire expert advisors if you choose to work with one Work productively with your expert advisor Create a game winning financial team Retire intelligently and with abundance Prepare for the unexpected Learn accountability and develop good habits Pick the right college and insurance policy Overcome the biggest obstacle to investment success Learn to say "no" when you want to say "yes"
Author: Ilyce R. Glink Publisher: Crown ISBN: 1524763446 Category : Business & Economics Languages : en Pages : 480
Book Description
From the most trusted name in real estate, a new and fully updated edition of the indispensable guide that helps first-time buyers land the home of their dreams What does "location, location, location" really mean? How do I decide what to offer on a house? What exactly is the closing? Buying a home is one of the most important decisions in any person's life. It will be the place where you plant your roots, come home after a long day, raise a family, or make a successful investment. But how, with everything from student loans and an uncertain marketplace stacked against you, do you get to that idyllic future? In 100 Questions Every First-Time Home Buyer Should Ask, Ilyce Glink, one of the most trusted names in real estate, answers all of your questions about home buying--and some you didn't know you had--and takes you on a personal journey from open houses to moving day. Weaving together advice from top brokers around the country with illustrative stories and her own unparalleled expertise, 100 Questions is a one-stop shop to getting the home of your dreams.
Author: Edwin V. Horan
Author: Edwin V. Horan
Author: Edwin V. Horan MS
Author: Leslie Pappas
Author: Michael Lantrip
Author: Garrett Sutton
Author: Carlos Sera
Author: Ilyce R. Glink
Author: Bradley T. Borden
Author: Thomas J. Mahlum
Author: Bradley T. Borden