Joe Manausa | Tallahassee Real Estate

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Today we bid a fond farewell to our transaction coordinator, Billie Mitchell.  She has been with our company for 11 years and has decided to retire and live the good life.  We are very happy for her though, it was a bittersweet event.  On the one hand it was very sad to see a valuable member of o...
1031 Tax Deferred Exchange - The Identification Process This is the fifth blog in a series about the Internal Revenue Code section 1031 tax deferred exchange. Thus far, we have defined the terms that are important when conducting a 1031, looked at some examples of how the numbers play-out, and al...
Heading out of town. Leaving warm sunny Florida for the frigid Northeast. Brrrr. I understand it is getting into the 50's in New York right now. I'll have to bring a parka.   I'm heading to West Point for my 20th reunion. I will get to see quite a few of my classmates (many that I have not seen s...
How To Do A 1031 Tax Deferred Exchange Yesterday's blog reviewed examples of performing a 1031 tax deferred exchange and how boot is either avoided or recognized as a gain. Today, we'll address the basic flow of the entire process, from selling the original property through the closing on the new...
As I was driving into work this morning, I was listening to Fox Radio on XM Satellite in the car. A very interesting story was being featured and it made me think it would make for great blogging....A husband and wife are doing a cleaning in their house and find $100,000 stashed away in the attic...
Yesterday, we learned the difference between realized gain, recognized gain, and boot. Today, we will examine some examples of 1031 exchanges and apply our new vocabulary to the situations that they present.In our first example below, we see that the investor sold a property for $180,000 and boug...
Realized Gain vs. Recongized Gain Last week, I started a series of blogs on the Internal Revenue Code Section 1031 tax deferred exchange. The blog covered the concept of "like-kind" exchanges and defined the time constraints involved when conducting a 1031 exchange.Today, we'll explore the differ...

Joe Manausa

Tallahassee Real Estate
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