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...mailed, telecopied, or otherwise sent; Before the end of the identification period to your Qualified Intermediary Furthermore, your identified replacement properties must be clearly described i.e. the type of property,...

...property is worth $400,000. Because the $150,000 can’t be invested in the replacement property, you’ll be taxed on it at the ordinary tax rate. From the above example, the excess...

...cash-out refinance - you can use it for any purpose you like (though there may be tax consequences). Some of the more common personal ones are home improvements or repairs,...

...stock, but $20,000 in long-term losses from the sale of another, then you may only be taxed on $30,000 worth of long-term capital gains. $50,000 - $20,000 = $30,000 long-term...

...briefly, addressing flaws in the MIS transactions (the “2021 IRS Memorandum”). Some of the flaws include the following: • First, Section 453A(d) of the Code includes a notable exception to...

...may be tax consequences). Some of the more common ones for home owners are home improvements or repairs, paying off other debts, education costs, starting a business or medical expense....

...are held for a minimum of two years, there is a presumption that the trade was motivated by reasons other than “abusive basis shifting.” Another exception, under Section §1031(f)(2)(C), provides...

...treated as a direct interest in real estate, you are assigned fractional ownership of equity and debt, fulfilling your exchange requirements. Minimum investments are typically between $25,000 and $100,000; therefore,...

...deferrals, including the following: • State capital gains • Federal capital gains • Medicare tax • Depreciation recapture Step 2 Next, the investor transfers 50% of the property's undivided interest...

...capital gains, capital returns, or ordinary income. The 1099-DIV states that REITs send to shareholders each year, as much of the dividend gets passed-along income from the company’s real estate...

...is the daily management and property ownership responsibilities. The investment property responsibilities include property maintenance, rent collection, and property tenants. Additionally, 721 exchanges don’t cause taxable events, as you aren’t...