tax deferred exchanges: Apartment Sales Report - Des Moines, Iowa - 01/27/09 04:30 PM
I hate negative news. But facts is facts. When it comes to the sale of apartment properties in the Des Moines market, there's not a lot of positive news right now. If you only want positive news, skip to the last paragraph and I'll give you the best spin I can … (2 comments)
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tax deferred exchanges: Liquidity of funds - doesn't sound exciting? Read on... - 01/22/09 12:41 PM
What could be more exciting than a discussion of the liquidity of funds, right? Okay, so it sounds pretty dry. Let me try to explain why it's actually of critical importance.
In my opinion, the cornerstone responsibility that a Qualified Intermediary has to his client is to protect the client's money … (0 comments)
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tax deferred exchanges: Section 1031 Exchanges and the Auction Industry (Part 3) - 01/14/09 01:57 PM
In the summer of 2008, I was honored to be asked to author an article for The Auctioneer, the official publication of the National Auctioneers Association, on the subject of Section 1031 exchanges and their application within the auction industry. The article was published in the September 2008 issue. If you … (3 comments)
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tax deferred exchanges: Section 1031 Exchanges and the Auction Industry (Part 2) - 01/14/09 01:34 PM
In the summer of 2008, I was honored to be asked to author an article for The Auctioneer, the official publication of the National Auctioneers Association, on the subject of Section 1031 exchanges and their application within the auction industry. The article was published in the September 2008 issue. If you … (0 comments)
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tax deferred exchanges: Section 1031 Exchanges and the Auction Industry (Part 1) - 01/14/09 01:07 PM
In the summer of 2008, I was honored to be asked to author an article for The Auctioneer, the official publication of the National Auctioneers Association, on the subject of Section 1031 exchanges and their application within the auction industry. The article was published in the September 2008 issue. If you … (0 comments)
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tax deferred exchanges: Section 1031 Exchanges - The Basics (Article #3) - 01/14/09 12:19 PM
This is the third of three blog entries about the basics of Section 1031 exchanges. The first entry can be found here, Article #1, and the second entry is here: Article #2.
Quick review... the first hurdle for the standard exchange is that the properties must qualify. Second, you must establish … (0 comments)
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tax deferred exchanges: Section 1031 Exchanges - The Basics (Article #2) - 01/14/09 12:07 PM
This is the second of three blog entries about the basics of Section 1031 exchanges. The first entry can be found here: Article #1
Quick review... the first hurdle for the standard exchange is that the properties must qualify. Moving on...
#2 - Establish your intent to exchange. Now that you … (0 comments)
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tax deferred exchanges: Section 1031 Exchanges - The Basics (Article #1) - 01/14/09 11:50 AM
I was recently asked to write a short article for a local publication about the basics of Section 1031 exchanges. Over the time I've been here at activerain, my blog topics have covered a wide range of exchange-related topics, including the basics. However, it has been a long time since I've … (0 comments)
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tax deferred exchanges: Farmland prices leveling off? - 11/24/08 10:01 AM
In an article in the Des Moines Sunday Register, author Dan Piller investigates the value of farmland in Iowa based upon the results of a number of recent farm auctions. The conclusion? Farmland values are not rising at the rate they have over the past few years. Probably not a huge … (2 comments)
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tax deferred exchanges: Thanksgiving Time - 11/19/08 01:34 PM
As Thanksgiving approaches, it's an interesting time in our country and the world. (Have you heard the saying, "May you live in interesting times?" I had always thought of that saying as a blessing, but it appears that it may have first started as a curse, at least if you can … (0 comments)
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tax deferred exchanges: Exchanging Foreign Properties - 11/12/08 07:09 PM
What if you own property outside of the United States and you want to utilize Section 1031 for a tax-deferred exchange of that property? Is that okay?
The short answer is, "It depends." It depends upon where your property is located and where the property you wish to acquire is located. … (2 comments)
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tax deferred exchanges: Development Rights are Like-Kind to Real Property - 11/12/08 06:17 PM
A Private Letter Ruling issued by the IRS relating to a taxpayer's intention to acquire development rights as his replacement property in a 1031 exchange is an interesting situation. In this case, the taxpayer sold a property as his relinquished property in the exchange and gave up his fee interest in … (0 comments)
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tax deferred exchanges: Converting Investment Property to Personal Residence? New Limits on Gain Exclusion! - 10/17/08 03:36 PM
Do you plan to convert an investment property into your personal residence? The Housing Assistance Tax Act of 2008 that President Bush signed into law on July 30, 2008 carries a provision that affects the practice of excluding gain when you sell a property that was once used for another purpose, … (4 comments)
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tax deferred exchanges: Iowa Land Price Survey Shows 6.6% Rise in Six Months - 09/24/08 04:19 PM
A recent survey of farmland real estate brokers shows that the price of Iowa’s best farmland rose by an average of 6.6 percent from March 2008 through August 2008, cooling slightly versus the previous six month period. This survey was conducted by the Iowa Farm and Land Chapter 2 Realtors Land … (2 comments)
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tax deferred exchanges: Quick Update on National Farmland Prices - 09/03/08 02:32 PM
About a month ago, the US Department of Agriculture published its annual report on the value of agricultural land in the United States. As you might expect, values were up nearly everywhere, but especially in the Midwest.
High prices on commodities such as corn, soybeans and wheat drove prices higher in … (5 comments)
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tax deferred exchanges: What about Refinancing Before or After an Exchange? - 09/03/08 01:57 PM
The primary objective of most Section 1031 exchanges is to move an investment from one property to another without incurring a tax liability. In other words, take your money out of this property and put it into that property and pay no capital gain tax. By following the rules and regulations … (1 comments)
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tax deferred exchanges: West Central Iowa Board of Realtors Meeting - 08/22/08 02:09 PM
If you are in the western Iowa/eastern Nebraska area, please consider attending the West Central Iowa Board of Realtors meeting at 6:00 PM on Monday, September 8, 2008 at the Harlan, Iowa Golf and Country Club. The board has asked me to speak on the basics of Section 1031 exchanges. You … (0 comments)
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tax deferred exchanges: Tell Me About My Money that the Intermediary Holds During an Exchange - 07/24/08 12:08 PM
First let's discuss the earnings that your account generates while it is in the care of the intermediary. Did you know that many intermediary services earn the majority of their income from the interest that your account generates for them while they hold it!? By paying their clients little or no … (7 comments)
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tax deferred exchanges: Demystifying the Reverse Exchange - 07/24/08 11:40 AM
Reverse exchanges are gaining in popularity, but they are often misunderstood and they can be confusing. Let's investigate the basics of this exchange structure.
Sometimes a situation arises in which an investor or property owner wants to purchase a property but wishes to sell a property that he or she already … (2 comments)
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tax deferred exchanges: The Farm Bill Does Not Alter the Definition of “Like-Kind” in Regards to Section 1031 Exchanges - 06/23/08 04:35 PM
In order to clarify things in the mind of anyone who is uncertain about it, the farm bill that was passed by Congress does not include the language about like-kind status that those of us in the exchange industry were concerned about. The Senate version of the bill sought to redefine … (8 comments)
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