iowa 1031: Section 1031 Exchanges and Conservation Easements - 10/26/09 03:14 PM
Did you know that if you own land and sell an easement to that land to a government agency, it is likely that your transaction is eligible for Section 1031 exchange treatment?
Emergency Watershed Protection Program (EWPP) and Wetlands Reserve Program (WRP) easements are being purchased by the Iowa Department of … (1 comments)
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iowa 1031: The Requirements for Maximum Tax Deferral - 10/26/09 12:04 PM
You'd think it would be fairly simple to list the requirements to defer the maximum amount of capital gain taxes through the use of a Section 1031 exchange. As I set out to write this article, though, I realize that like a lot of other aspects of exchanges, it takes … (2 comments)
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iowa 1031: Defining the Exchange Term "Like-Kind" - 08/18/09 04:12 PM
Many people hear the term "like-kind" when they're talking about Section 1031 exchanges and they start to panic. Please, relax! I've got an easy way for you to figure out whether two properties are like-kind to each other for purposes of exchanging.
First of all, a caveat... the easy way … (1 comments)
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iowa 1031: Can I Use a Section 1031 Exchange to Build or Improve a Property? - 05/28/09 10:43 AM
Occasionally a client will ask that question, and we can usually answer, "YES!" It does depend upon exactly what the client's plans and intentions are, but in general, the replacement property in a Section 1031 exchange can be newly constructed during the exchange or substantially improved during the exchange. Here are … (2 comments)
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iowa 1031: Government 101 - Boring Title, Not Boring Information - 05/13/09 03:31 PM
Granted, a title of "Government 101" likely doesn't draw in many readers. I hope that the subtext indicating that the information isn't boring will encourage a few folks to take a look at this fantastic video.
Have you ever wondered about the origins of our republic? Why it is such an … (0 comments)
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iowa 1031: Iowa Landlord Association Spring Educational Seminar & Trade Show - 04/28/09 10:00 AM
Short notice, but I wanted to announce the Spring Educational Seminar and Trade Show of the Iowa Landlord Association. It will take place on Thursday, April 30, at the downtown Holiday Inn. There will be a succession of speakers on relevant topics to landlords. During breaks, please stop in at the … (1 comments)
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iowa 1031: Two Rivers REIA First Annual Convention - May 9th, 2009 - 04/28/09 09:46 AM
Announcing the first annual convention of the Two Rivers Real Estate Investors Association, to be held on May 9, 2009, at the Des Moines Holiday Inn Airport Conference Center. Two nationally-recognized speakers will be making presentations to the group: Larry Goins, of South Carolina, and Pete Youngs, of Georgia. Larry's … (0 comments)
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iowa 1031: What Do I Put in My Purchase Agreement if I Want to Do a Section 1031 Exchange? - 04/10/09 03:57 PM
One of the most common questions we receive is something along the lines of "What do I put in my Purchase Agreement if I want to do a Section 1031 exchange?" The answer can sometimes be, "Nothing," although we do suggest that you use what is known as a cooperation clause. … (2 comments)
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iowa 1031: Selling, Serving and Being Serious - 03/30/09 10:42 AM
This will be a first... I'm going to give you an inside look at what it is we are trying to do here at Iowa Equity Exchange. First of all, props to Jeffrey Gitomer for a column on this topic that prompted me to devote detailed thought to these things. Let's … (0 comments)
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iowa 1031: Iowa Farmland Value Report - 03/12/09 04:50 PM
In a further confirmation that values have peaked at least for now, the REALTORS® Land Institute semi-annual survey shows a 7.6% drop in the price for farmland over the six months ending February 28 of this year. This survey is conducted every six months and consists of input from the state's … (2 comments)
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iowa 1031: Have Iowa Farm Land Values Peaked? - 03/06/09 04:28 PM
In what could hardly be termed a surprise, the Des Moines Register reported on February 21, 2009 that farm land values in Iowa declined 6% during the final quarter of 2008 according to the Federal Reserve Board of Chicago. This is the first such drop in a decade. The primary contrbuting … (2 comments)
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iowa 1031: Is the Term "Like-Kind" Confusing to You? Here's a Simple Explanation - 03/02/09 04:35 PM
Does it confuse you when you hear that property in an exchange must be exchanged for "like-kind" property? In the talks that I give to real estate agents, investors, attorneys and accountants, I think I've hit on an easy way to determine whether or not the property being sold is like-kind … (0 comments)
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iowa 1031: The Top Ten (Actually, Eleven) Reasons People Use Section 1031 Tax-Deferred Exchanges - 02/12/09 07:50 PM
learly, the overriding reason is the ability to defer payment of capital gain taxes, including the recapture of depreciation. With depreciation recapture at 25% (or more, depending upon the type of depreciation taken and the period over which that depreciation was taken) and federal capital gain tax at 15%, plus state … (0 comments)
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iowa 1031: To Combine or Not to Combine - That is the Question - 02/04/09 04:33 PM
What the title of this blog refers to is whether or not it makes sense to sell or buy more than one property in a single Section 1031 tax-deferred exchange. First we must establish the fact that more than one property can be sold and/or purchased within one 1031 exchange. In … (2 comments)
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iowa 1031: The Power of the Section 1031 Tax-Deferred Exchange - Free Spreadsheet - 01/29/09 01:44 PM
Here's another spreadsheet for your entertainment and enlightenment. If you've been following this blog for awhile, you may remember an earlier spreadsheet that compared buying and holding a property for ten years to buying the same property, holding it for five years, exchanging into another property, and holding the new property … (3 comments)
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iowa 1031: The 45-Day Identification Period - A Hindrance or Not So Much? - 01/11/08 11:07 AM
Part of a successful Section 1031 tax-deferred exchange is meeting the requirement that potential replacement properties be properly identified within forty-five calendar days after the closing of the relinquished property.
Time out for definitions: Replacement property = the properties that an exchanger would consider purchasing to replace the ones s/he is … (12 comments)
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iowa 1031: The Anatomy of a Simple Exchange Transaction - 12/11/07 07:28 PM
One of the most common questions I get asked is something along the lines of "Can you just explain to me how an exchange actually works?" Just as no two real estate sales are identical, no two exchanges are the same. What this blog attempts to do, however, is present the … (6 comments)
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iowa 1031: Tax-Deferred Exchange 101 - 10/18/07 05:01 PM
I thought for my first blog post I would provide an overview of what Section 1031 tax-deferred exchanges are all about. This is going to be geared toward those folks who have never heard of tax-deferred exchanging, or perhaps they've heard of them but don't know much at all about them. … (4 comments)
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