James Brennan's (jamesbrennan2) Blog

The 1031 exchange is a great instrument for property owners who wish to defer their capital gains tax. However, not all states treat 1031 exchanges equally. California regulations stipulate that any appreciation in property value accrued in California is subject to their state taxes, regardless o...

So you thought what we've seen so far is bad? New research from Deutsche Bank indicates that there is another financial crisis coming, specifically a "refinancing crisis". It deals with the large amount of high risk, debt fueled loans which were taken out to finance commercial real estate investm...

Ask members of an older generation about a tax deferred exchange and they will most likely respond with the words "a starker exchange" making no mention of the commonly known term "1031". Indeed, in the old lexicon "1031" is a meaningless unassigned number. "Starker", on the other hand, represent...

            It is common to think of a 1031 transaction as one involving land for land or buildings for buildings. However, this is a tragic oversimplification. 1031 transactions deal with "like-kind" property and  in most people's minds, "like-kind" means both pieces of property are alike, such ...

In matters of taxation, "form" consistently trumps "substance". In-fact, there is an entire industry of lawyers and specialists dedicated to the study and application of these forms. Like chemists or biologists they analyze the different ways they interact with stimuli (tax laws) and the forces ...