basis: 1031 Exchanges - Back to Business - Professional Advisors - 04/21/08 01:54 PM
Clients Professional Advisors Are  A Critical Part of the 1031 Process
Last week we went over how to calculate capital gain and estimate the capital gain tax due.  We also reviewed what is involved in calculating the Net Adjusted Basis of an investment property. Great! Now that you know how to do … (0 comments)

basis: 1031 Exchange - CALCULATING CAPITAL GAIN TAX~Putting It All together - 04/17/08 05:46 PM
 SALE v. EXCHANGE
In the example below we bring the previous two posts together to demonstrate the power of a 1031 exchange and how it permits the taxpayer to defer the payment of capital gain tax, so that he/she can use the amount they would have paid the IRS as additional equity in … (0 comments)

basis: 1031 Exchanges - Calculating Capital Gain - 04/17/08 05:05 PM
Now that you've seen how to calculate the Net Adjusted Basis, you are ready to begin calculating the capital the seller may recognize on their taxes if they do not do a 1031 exchange.
You will take the current sale price, subtract the net adjusted basis, then subtract the closing costs. This … (0 comments)

basis: 1031 Exchanges - WHAT THE HECK IS NET ADJUSTED BASIS? - 04/17/08 04:52 PM
After reading some of the comments from "To Exchange or Not to Exchange? That is the question," I thought it would be helpful to post information about NET ADJUSTED BASIS.
The simplified way of determining whether there is a potential capital gain on the sale of property is to subtract the original … (0 comments)

basis: 1031 Exchanges - To Exchange or Not to Exchange? That is the question. - 04/17/08 12:41 PM
AN EXCHANGE MAY STILL BE NECESSARY IN A DECLINING MARKET
IS AN EXCHANGE NECESSARY WHEN PROPERTY PRICES ARE DECLINING?
Generally, if the value of property at the time of sale is lower than the purchase there will not be a capital gain issue and hence, no need for a 1031 exchange to defer … (4 comments)

basis: 1031 Exchanges-Consult Your Tax Advisor - 04/01/08 08:53 PM
1031 Exchanges And the Tax Advisor
Prior to engaging in an 1031 exchange, it is critical that the taxpayer consult with his tax and/or legal advisors regarding the transaction. There may be very specific reasons why the tax advisor either recommends the exchange or recommends paying the taxes. It is impossible for … (2 comments)

 
Real Estate Attorney: Lisa Lambert, Esq. (1031 Exchange Expert) (1031 Exchanges - Asset Preservation, Inc.)
Lisa Lambert, Esq. (1031 Exchange Expert)
Fresno, CA
More about me…
1031 Exchanges - Asset Preservation, Inc.

Office Phone: (559) 229-4103
Cell Phone: (559) 433-5399
Email Me
Discussing 1031 Exchange Issues and Related Real Estate Issues in California. Specifically focusing on the Merced, Madera, Fresno, Selma, Reedley, Oakhurst,Visalia, Hanford, Porterville and Bakersfield areas.

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