1031 exchange: Realtors Beware New California 1031 Exchange Reporting Requirements - 08/30/14 05:30 PM
California Issues Reporting Requirements for California 1031 Exchanges
California real estate investors and Realtors need to be aware of new California Like-Kind Exchange reporting requirements. California's Franchise Tax Board released its newly designed FTB Form 3840 for reporting California like-Kind Exchange transactions.
Exeter 1031 Exchange Services, LLC is advising its clients and their Realtors of new reporting requirements issued by the California Franchise Tax Board ("FTB") this summer. These new California 1031 Exchange reporting requirements impacts investors when they sell relinquished property located within the state of California borders and subsequently reinvest through a 1031 Exchange by acquiring replacement property located outside … (1 comments)

1031 exchange: The 1031 Exchange Group on LinkedIN - 03/16/11 08:18 AM
We set-up The 1031 Exchange Group on LinkedIN specifically to help investors, their advisors and other real estate related professionals share ideas, strategies, problems, solutions, failures and successes with each other.  You are invited to join if you have any interest in the 1031 Exchange industry.
This is an educational forum designed to help investors.  It is not a forum to promote services, products or offerings or real estate listings. 
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1031 exchange: Depreciation Recapture Upon Sale Of Rental Property - 01/30/10 09:25 AM
It's that time of year again when I receive and answer many tax questions related to the reporting and tax treatment of 1031 Tax Deferred Exchanges, or this year the "lack" of 1031 Exchanges in many cases, on taxpayers income tax returns.
The Tax Man Cometh and Taketh
This year there are many more questions related to the tax treatment of rental properties because many taxpayers merely sold and cashed out and now have significant income tax liabilities. The one income tax issue involved with rental property that is often misunderstood is depreciation recapture.
Depreciation and Depreciation Recapture
Taking depreciation on your … (2 comments)

1031 exchange: Property Sold Via SHORT SALE May Still Have TAXABLE CAPITAL GAIN - 08/14/09 06:34 AM
Selling rental property, investment property or commercial owner/user property via a short sale may still trigger capital gain taxes.  The seller often focuses on the fact that they have no equity in the property and therefore assumes that they have no tax liability either.  However, having equity or no equity has absolutely no bearing on whether they have a taxable capital gain in the real property. 
Background Information
This is an issue that many rental or investment property owners have probably not given much thought about.  They own rental or investment property that is underwater (i.e. the real estate is worth less … (0 comments)

1031 exchange: 1031 Exchange Webinar - Time for a Refresher - 07/27 PM and 07/28/2009 AM - 07/26/09 06:10 PM
The Exeter EdgeTM Series- Seminars, Webinars and Workshops
Get the edge you deserve when it comes to understanding the power of wealth building tax deferral and tax exclusion strategies.  Register today for a 1031 Exchange, Title Holding Trust (Land Trust) and Deferred Sales TrustTM seminar, webinar or workshop.  Registration is required for all of our events. The Exeter Edge SeriesTM is complimentary and open to everyone unless otherwise specified.  We would also be happy to present a custom 1031 exchange, Title Holding Trust (Land Trust) or Deferred Sales TrustTM workshop for your organization.
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1031 exchange: Barbara Joyce Joins Exeter 1031 Exchange Services - 05/01/09 10:12 AM
Barbara Joyce Newsrelease
We are very excited to announce that Barbara Joyce has joined the 1031 exchange group at Exeter 1031 Exchange Services, LLC.  Click here to read the full newsrelease.
Senior 1031 Exchange Advisory Officer
Barbara Joyce will be a senior 1031 exchange advisory officer for the Exeter Group of Companies and will be working out of the Corporate Headquarters Office located in San Diego, California and in the Irvine, California Branch Office in order to serve her Southern California clients. 
Formerly With Mid-Exchange, Inc.
Barbara Joyce was formerly with Mid-Exchange, Inc., which was an affilicate company to Coldwell Banker … (0 comments)

1031 exchange: 1031 Exchange Year-End Tax Planning - 11/05/08 02:50 PM
Is it really that time of the year again?  I can remember writing this same post toward the end of 2007 in preparation for year-end 1031 exchange planning back then.  The time flys faster and faster each year, and it is that time again to talk about 1031 exchange planning at year-end. 
Year-End Tax Planning for 1031 Exchanges
I am not going to comment on the Presidential election results right now since the actual results will not affect our discuss about year-end tax planning, unless you have a 1031 tax deferred exchange that fails or will otherwise not qualify for … (1 comments)

1031 exchange: 1031 Exchange Workshop in Los Angeles, California on Wednesday, November 5, 2008 - 10/25/08 03:48 AM

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1031 exchange: Not Quite the Needed Regulation of 1031 exchange Qualified Intermediaries........ - 10/04/08 05:22 PM
......but it is a step in the right direction. 
Senate Bill SB 1007 Becomes Law
State of California Governor Arnold Schwarzenegger signed Senate Bill SB 1007 into law on October 2, 2008.  This Senate Bill SB 1007 provides certain minimum standards or guidelines that 1031 exchange Accommodators or Facilitators must meet in order to do business in the State of California as a 1031 exchange Qualified Intermediary. 
Effective Date
This new law is effective January 1, 2009 and must be complied with if a company or individual is doing business as a 1031 exchange Qualified Intermediary within the State of California. 
Press Release
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1031 exchange: 1031 Exchange Workshop in Irvine, California on Wednesday, October 1, 2008 - 09/23/08 03:08 PM
Educational Workshop Content 
The educational workshop will begin with an introduction to various tax-deferral and tax-exclusion strategies, including combining Section 1031 with Section 121.  The discussions will focus on the requirements, structures, processes, strategies, and compliance issues necessary to successfully complete a 1031 exchange transaction.  We will finish with an explanation of the new fractional ownership opportunities of tenant-in-common property interests (TIC or CORE Interests) used as like-kind replacement property solutions pursuant to Revenue Procedure 2002-22.
There will be plenty of time for open discussions, questions and answers with our 1031 exchange experts.  Handout materials will be provided for future reference.
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1031 exchange: 1031 Exchange Workshop in San Diego, California with DRE Credit - 09/17/08 06:18 PM
1031 Exchange WorkshopIt's Not Just Another 1031 Exchange Seminar - It's a Workshop!
See all of our 1031 exchange seminar programs.
Intermediate Level 1031 Exchange Workshop
This is an intermediate level workshop on forward, reverse and improvement (build-to-suit or construction) 1031 exchange transactions pursuant to Section 1031 of the Internal Revenue Code and Section 1.1031 of the Treasury Regulations.
1031 Exchange Workshop Content
The educational workshop will begin with an introduction to various tax-deferral and tax-exclusion strategies, including combining Section 1031 with Section 121.  The discussions will focus on the requirements, structures, processes, strategies, and compliance issues necessary to successfully complete … (2 comments)

1031 exchange: Why Does the 1031 Exchange Exist? - 08/26/08 10:52 AM
1031 Exchange Dates Back to 1921
Section 1031 of the Internal Revenue Code ("1031 exchange") seems like it has been around since the beginning of time.  The 1031 exchange has roots that date back to the year 1921.  But, so many taxpayers are not even aware of the tax deferred exchange. 
Why Does the 1031 Exchange Exist
When taxpayers find out about the 1031 exchange strategy they often ask why the 1031 exchange exists and why does it have all of the little quirky requirements like the 45 day identification rule or deadline. 
Internal Revenue Code (IRC)
The 1031 exchange is the reference … (0 comments)

1031 exchange: What Happens to the Depreciation When I Sell My Investment Property? - 08/20/08 05:45 PM
Depreciation
This is an excellent question.  There are many taxpayers who do not fully understand exactly how depreciation works, how it reduces their income taxes by sheltering some of their rental income, and most importantly what happens to the depreciation when they ultimately sell their rental property without using the 1031 exchange. 
Depreciation Recapture
Taxpayers must depreciate their rental property.  It is not an option.  The depreciation taxpayers have deducted on their income tax return during the time they owned the rental property must be recaptured or added back into their taxable income as depreciation recapture when they sell their rental … (9 comments)

1031 exchange: Care Package to Help You Get Your Clients Ready for a 1031 Exchange - 08/17/08 12:29 PM
Real estate agents and brokers as well as clients can get really nervous when faced with an impending 1031 exchange.  They can make even the most seasoned real estate broker or investor nervous and stress out. 
So, we thought we'd provide you with a little "care package" to help get ready for the inevitable and dreaded 1031 exchange.  Find the Right Qualified Intermediary The right 1031 exchange Qualified Intermediary must be retained with the experience and expertise to walk you and the client through the entire process.  It is the Qualified Intermediary's job to ensure that your client is in compliance with the … (1 comments)

1031 exchange: 1031 Exchange Workshop in Long Beach, California with DRE Credit - 08/17/08 07:02 AM
1031 Exchange WorkshopIt's Not Just Another 1031 Exchange Seminar - It's a Workshop!
See all of our 1031 exchange seminar programs.
Intermediate Level 1031 Exchange Workshop
This is an intermediate level workshop on forward, reverse and improvement (build-to-suit or construction) 1031 exchange transactions pursuant to Section 1031 of the Internal Revenue Code and Section 1.1031 of the Treasury Regulations.
1031 Exchange Workshop Content
The educational workshop will begin with an introduction to various tax-deferral and tax-exclusion strategies, including combining Section 1031 with Section 121.  The discussions will focus on the requirements, structures, processes, strategies, and compliance issues necessary to successfully complete … (3 comments)

1031 exchange: Tax Changes Coming: Combined 1031 Exchange and 121 Exclusion Strategies Affected - 07/24/08 11:55 AM
The Housing Bill currently contains a little known change that could affect the way real estate investors combine a 1031 exchange with a 121 exclusion.  It all depends on how the final law is written or drafted, but the U.S. House of Representatives passed the Housing Bill this week and it has now been forwarded to the U.S. Senate for consideration. 
Here is the basic issue.  The current language contained within the Housing Bill as it was passed by the U.S. House of Representatives no longer allows a taxpayer to exclude gain from a sale of their primary residence for the … (2 comments)

1031 exchange: 1031 Exchange Workshop in Torrance, California on Wednesday, July 23rd with DRE Credit - 07/08/08 12:34 PM
1031 Exchange Workshop  It's Not Just Another 1031 Exchange Seminar - It's a Workshop!
See all of our 1031 exchange seminar programs.
Intermediate Level 1031 Exchange Workshop
This is an intermediate level workshop on forward, reverse and improvement (build-to-suit or construction) 1031 exchange transactions pursuant to Section 1031 of the Internal Revenue Code and Section 1.1031 of the Treasury Regulations.
1031 Exchange Workshop Content
The educational workshop will begin with an introduction to various tax-deferral and tax-exclusion strategies, including combining Section 1031 with Section 121.  The discussions will focus on the requirements, structures, processes, strategies, and compliance issues necessary to successfully … (0 comments)

1031 exchange: Introducing The 1031 Exchange Institute - 06/15/08 05:53 PM
The 1031 Exchange Institute
Welcome to The 1031 Exchange Institute. We decided that there was a need for a more interactive internet presence that would help educate, provide educational articles, forum discussions and blog posts specifically on 1031 exchange and TIC investment related issues. 
So, we rolled out the The 1031 Exchange Institute.  It's your online source for 1031 exchange information, resources and 24/7 assistance. The 1031 Exchange Institute is dedicated to educating and informing real estate investors and their advisors on the benefits of 1031 tax-deferred exchanges so they can make better informed investment decisions.
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1031 exchange: 1031 Exchange of Internet Domain Names - 06/12/08 10:52 AM
Those who work in the investment real estate world are most likely already familiar with the 1031 exchange income tax strategy where you can sell real property that has been held for rental or investment and defer the payment of your capital gain taxes by acquiring replacement property. 
Personal Property 1031 Exchange
What you may not know is that the 1031 exchange strategy also applies to personal property.  Personal property that is rented or leased, held for investment or used in your trade or business qualifies for tax-deferred exchange treatment under Section 1031 of the Internal Revenue Code as a … (4 comments)

1031 exchange: San Diego 1031 Exchange Workshop with DRE Credit - 06/09/08 08:05 AM
It's Not Another 1031 Exchange Seminars, It's a Workshop
1031 exchange workshop on the requirements, structures, processes, strategies, and compliance issues necessary to successfully complete a 1031 exchange.  Continuing education credits available for Realtors, CPAs and CFPs.  It's NOT just another 1031 exchange seminar.
California DRE Credit Provided to Realtors
2.0 hours of DRE continuing education credits are provided by Exeter 1031 Exchange Services, LLC. 
Reservations Required
You can visit http://www.exeter1031.com/1031_exchange_seminar_san_diego_b.html for complete details and to RSVP.  Reservations are required, and there are only three (3) spots left. You can also contact Suzanne Davis at (866) 393-8370.
We look forward to seeing … (1 comments)