by Hector | Jan 24, 2024
EXCHANGE RESOURCES, INC. BLOG YEAR-END TAX STRATEGIES: 1031 EXCHANGES THAT STRADDLE TWO TAX YEARS While it does slightly complicate things, there can be some benefits that come with straddling two tax years: First, according to the IRC 453 Installment Sale Rules...
by Hector | Aug 29, 2023
EXCHANGE RESOURCES, INC. BLOG UNDERSTANDING YOUR TAX LIABILITY: CALCULATING CAPITAL GAINS TAX FOR CALIFORNIA INVESTMENT PROPERTIES Calculating capital gains tax on the sale of California investment property involves several steps: Determine your “adjusted...
by Hector | Aug 29, 2023
EXCHANGE RESOURCES, INC. BLOG PRESERVING YOUR TAX BENEFITS: HOW TO DISSOLVE A PARTNERSHIP IN PREPARATION FOR A 1031 EXCHANGE Not seeing eye-to-eye with your partners anymore? Proper planning is needed before a 1031 Exchange would allow you to go your separate ways!...
by Hector | Aug 29, 2023
EXCHANGE RESOURCES, INC. BLOG PRESERVING YOUR TAX BENEFITS: UNDERSTANDING HOW REVOCABLE AND IRREVOCABLE TRUSTS IMPACT 1031 EXCHANGES The main difference between a revocable trust and an irrevocable trust is the degree of control that the person creating the trust (the...
by Hector | Aug 29, 2023
EXCHANGE RESOURCES, INC. BLOG PROP 13 AND 1031 EXCHANGES: WHAT CALIFORNIA REAL ESTATE INVESTORS NEED TO KNOW Proposition 13 and 1031 exchanges are two separate tax laws that apply to real estate transactions in California. Proposition 13 is a California law that...
