Lisa Lambert's (lisa_lambertesq) Blog

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Services for Real Estate Pros - Asset Preservation
RECENT BLOG POSTS
 1031 Exchange Terminology Part #2 MORTGAGE BOOT: This occurs when the Exchanger does not acquire debt that is equal to or greater than the debt that was paid off on the relinquished property sale; Referred to as "debt relief". This creates a taxable event. QUALIFIED INTERMEDIARY: The entity who ...
04/10/2008
EXCHANGE TERMINOLOGY "UNDERSTANDING COMMON EXCHANGE TERMINOLOGY" To many real estate investors, the buzz words often used to describe different aspects of a tax deferred exchange can be confusing. For example, doesn't something with two ‘downlegs' and three ‘uplegs' sound a lot more like a lopsid...
04/10/2008
INTRO TO DELAYED EXCHANGES "THE BENEFITS OF §1031 TAX DEFERRED EXCHANGES " EXCHANGES ARE A POWERFUL TAX STRATEGY Tax deferred exchanges have been a part of the tax code since 1921 and are one of the last significant tax advantages remaining for real estate investors. One of the key advantages of ...
04/10/2008
CALCULATING CAPITAL GAIN "ANALYZE THE BENEFITS OF AN EXCHANGE BEFORE YOUR SELL"This is a highly simplified way of figuring capital gain and capital gain tax liability. In 2007-2008 there have been changes that make calculating capital gain more complex. The model below is a simplified form for ge...
04/10/2008
EXCHANGE BASICS "AN OVERVIEW OF SEVERAL REQUIREMENTS FOR TAX DEFERRAL" WHAT IS IRC SECTION 1031?  Section 1031 of the Internal Revenue Code allows an owner of investment property to exchange property and defer paying federal and state capital gain taxes (15%+ applicable state taxes) if they purch...
04/10/2008
FIVE REASONS TO EXCHANGE"INVESTORS CAN MEET MANY OBJECTIVES UNDER IRC §1031" Section 1031 tax deferred exchanges continue to increase in popularity as more investors nationwide discover the wide range of investment objectives that can be easily met through exchanging. I. PRESERVATION OF EQUITYA p...
04/10/2008
A SALE VS. AN EXCHANGE "ANALYZE THE BENEFITS BEFORE SELLING" The benefits of IRC Section 1031 exchanges can be tremendous! Investors are often able to defer thousands of dollars in capital gain taxes, both at federal and state levels. If the requirements of a valid §1031 exchange are met, capital...
04/10/2008
WHAT AGENTS NEED TO KNOW "WHAT RESIDENTIAL REAL ESTATE AGENTSNEED TO KNOW" §1031 tax deferred exchanges provide real estate agents a tremendous opportunity to increase commissions! Conversely, by not understanding a few key exchange concepts, real estate agents often can unknowingly incur increas...
04/10/2008
VACATION HOME EXCHANGES"BARRY E. MOORE V. COMM., T.C. MEMO. 2007-134" Many sellers who own vacation homes want to explore the potential of performing an Internal Revenue Code (IRC) Section 1031 tax deferred exchange. See Asset Preservation's handout entitled, "Vacation Home Exchanges - Basics", f...
04/10/2008
VACATION HOME GUIDANCE"REVENUE PROCEDURE 2008-16 CREATES SAFE HARBOR" Revenue Procedure 2008-16 (the "Procedure") creates a safe harbor definition of investment property applicable to exchange transactions closing after March 10, 2008 that involve the transfer of property consisting of a dwelling...
04/10/2008
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Lisa Lambert

ESQ. (1031 Exchange Expert)
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