A Solution for Your 1031 Exchange: Who We Are
How does your money roll over in a 1031 exchange?
Real estate investments come in several different shapes and sizes. Whether you’re buying a house, townhouse, condominium, vacant land, strip mall, hotel or apartment building, it is considered a real estate investment by the IRS.
Vacation Homes & Tax Deferred 1031 Exchanges
Do you have a vacation or second home that doesn’t get used very often anymore? Have you considered replacing that home with something new?
Choosing an Identification Strategy for 1031 Exchanges
There are very specific requirements for identifying and acquiring potential like-kind replacement properties in your 1031 exchange transaction. Section 1031 of the Internal Revenue Code (“IRC”) specifies that investors must identify candidate replacement properties within a 45-day period to defer capital gains taxes through a 1031 exchange.
Calculating Depreciation
Last week we introduced depreciation and mentioned that a 1031 exchange could save you from the immediate cost of depreciation recapture. To fully understand depreciation, including how the year you purchased the property and various depreciation methods factor into your calculations, consult your tax advisor or IRS publication 946. Today, we'd like to look at some additional basics you should know.
AUTHORIZED PARTNER
CrowdPay is an FDIC insured bank account that you can use to purchase investment opportunities. You fund your CrowdPay account by ACH or wire transfer. All future dividends, interest payments, as well as revenue sharing payments will be placed into your CrowdPay account. You have the option to transfer funds into the account, withdraw funds from the account, or purchase additional assets at any time.
The account is held by GoldStar Trust Company, a trust only branch of Happy State Bank, and cash that accumulates in your new CrowdPay account is FDIC insured. Please follow the below link for additional important information regarding your CrowdPay account.
Learn More