How To Do A Like Kind Exchange Of Real Estate Using A Qualified Intermediary

Author : Edwin V. Horan MS
Publisher : Trafford Publishing
Page : 248 pages
File Size : 40,5 Mb
Release : 2020-04-16
Category : Business & Economics
ISBN : 9781698700366

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How to Do a 1031 Exchange of Real Estate by Edwin V. Horan MS Pdf

How to Do a Like Kind Exchange of Real Estate If you own investment, business, or rental real estate this book can save you thousands of dollars in capital gains taxes. It is a true how to do book. The IRS requires a taxpayer to use a qualified intermediary if they wish to take advantage of the ‘safe harbor’ procedures established in the IRS regulation for a deferred exchange. This book explains the important and mandatory tasks for both the qualified intermediary (QI) and the taxpayer in an exchange. Simple to follow instructions and forms in this book will help you – — Learn if your property qualifies for a 1031 like kind exchange — Figure how much tax you will have to pay Uncle Sam if you sell — Determine what your reinvestment requirements will be — Know what documentation is required — Understand the exchange escrow requirements and rules — How to report the exchange to the IRS and much more !!!

Author : Edwin V. Horan
Publisher : Trafford on Demand Pub
Page : 152 pages
File Size : 52,8 Mb
Release : 2005
Category : Business & Economics
ISBN : 9781412046145

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How to Do a Like Kind Exchange of Real Estate - Using a Qualified Intermediary by Edwin V. Horan Pdf

The book describes how real estate investors can safely defer capital gains tax by using a qualified intermediary to do a like kind exchange. The "safe harbor" process and IRS rules for completion of a tex deferred exchange of real estate are complex. This book explains the process step by step so that taxpayers can successfully compete their exchange. The criteria for qualifying properties is clearly explained. Worksheets in the book allow the taxpayer to compute the dederal tax that will be due if the taxpayer does not do an exchange. The important reinvestment requirements are explained in detail to ensure that the exchange will be fully tax free. The 45-day identification requirement and the 180-day exchange period are explained. A sample indentification letter is included for taxpayer use. Special exchange subjects included in the book include how to do a reverse exchange, combining an installment sale with a like kind exchange, how to convert your real estate rental into your principal residence, and the growing use of Tenancy-In-Common (TIC) commercial properties to complete an exchange. The actual Internal Revenue Code and IRS Regulations on like kind exchanges are included in the book's appendix. Also included are the suggested real estate contact addendums to show the taxpayers intent to do a like kind exchange. A tutorial on the new IRC Section 121 rules for exclusion of capital gains on the sale of a principal residence is also included. The final chapter in the book give a full explanation of how to report the exchange to the IRS and complete the intricate IRS Form 8824.

Author : Michael Lantrip
Publisher : Michael Lantrip
Page : 257 pages
File Size : 50,8 Mb
Release : 2017-01-01
Category : Business & Economics
ISBN : 9781945627019

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How To Do A Section 1031 Like Kind Exchange by Michael Lantrip Pdf

Top Real Estate Investors use Section 1031 instead of paying taxes on Capital Gains and Depreciation Recapture. And then they use the IRS's money to buy additional property. You can, too. Learn how to: 1.) Keep all of your profits, tax-deferred. 2.) Use IRS money to buy more property. 3.) Do Owner Financing within a Section 1031 Exchange. 4.) Buy and Rehab without selling first. 5.) Buy multiple Replacement Properties. 6.) 6X your personal property Depreciation. 7.) Close on an incomplete construction. 8.) Do a partially tax-deferred Exchange. 9.) Access your Equity tax-free. 10.) Use Section 121 and Section 1031 together. 11.) Make a Vacation Home an investment. 12.) Refinance, die, and eliminate all deferred taxes.

Author : C. Kerry Fields,Kevin C. Fields
Publisher : Aspen Publishing
Page : 668 pages
File Size : 51,7 Mb
Release : 2023-09-06
Category : Law
ISBN : 9781543808919

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Essentials of Real Estate Law by C. Kerry Fields,Kevin C. Fields Pdf

Authoritative yet concise, Essentials of Real Estate Law, Second Edition, offers students a carefully crafted overview of real estate law. Within a helpful and logical framework, the authors walk the student through every step of the process of purchasing and managing both residential and commercial real estate. With a practical approach that features problems, chapter assignments, realistic examples, and sample forms, this text offers a real-world approach to the practice of real estate law. New to the Second Edition: Updated and expanded forms and charts included throughout the book New cases focus on current issues Updated examples and exercises Streamlined presentation makes the material more accessible and easier to teach New Applying the Law boxed feature focuses on practical, real-world skills Professors and students will benefit from: Well-written textual explanations Complete coverage of Real Estate Law Real property interests Purchasing, financing, and conveying real estate Owning and operating real estate Succinctly edited cases that give students the opportunity to read case law Stand-alone chapters that can be adapted to fit any syllabus Focus on Ethics text boxes that highlight the responsibilities of real estate professionals A wealth of teaching tools in every chapter Review Questions Learning Objectives Chapter Outlines Introductions Definitions of new terms in the margins Practical exercises and applying the law boxes

Author : Richard A. Robinson
Publisher : iUniverse
Page : 345 pages
File Size : 45,5 Mb
Release : 2004
Category : Real estate sales tax
ISBN : 9780595298495

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Federal Taxation of Real Estate Exchanges by Richard A. Robinson Pdf

Federal Taxation of Real Estate Exchanges is a crash course in the art of the deferred real estate exchange. Learn easy steps to sell old real estate and buy new without paying federal income taxes by using IRS safe-harbor exchange rules. It's the definitive guide to taxation of real estate exchanges for real estate investors and serious professionals who are seeking a growing sophistication and appreciation of how powerful the deferred exchange is in the fast changing world of real estate investments. Federal Taxation of Real Estate Exchanges was first born as a three-day continuing education seminar which author Rich Robinson wrote and taught to thousands of real estate agents, CPAs and investors from coast-to-coast. During this time Rich teamed up with real estate broker and Qualified Intermediary, Jim Maxwell. By combining Rich's years of experience as a CPA, writing and teaching federal taxation of real estate transactions and Jim's practical "street smart" knowledge and background in real estate exchanging, they created a new educational program presented at the National Association of Realtors(R) Annual Convention. This course is based on that highly successful program.

Author : Thomas J. Mahlum
Publisher : Dearborn Real Estate
Page : 88 pages
File Size : 43,6 Mb
Release : 2003
Category : Capital gains tax
ISBN : 0793175070

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Understanding 1031 Tax-free Exchanges by Thomas J. Mahlum Pdf

Author : Andrew G. Ogden
Publisher : 1031 Education Center
Page : 172 pages
File Size : 41,6 Mb
Release : 2009
Category : Capital gains tax
ISBN : 8210379456XXX

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The 1031 Exchange Handbook. by Andrew G. Ogden Pdf

Author : Edwin V. Horan
Publisher : Unknown
Page : 128 pages
File Size : 47,5 Mb
Release : 2005
Category : Capital gains
ISBN : 0972881808

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How to Do a Like Kind Exchange Using a Qualified Intermediary, Or, How to Save Thousands of Dollars in Taxes!! by Edwin V. Horan Pdf

Author : Anonim
Publisher : Unknown
Page : 456 pages
File Size : 50,8 Mb
Release : 2002
Category : Income tax
ISBN : MINN:31951D02275532X

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Taxpayer Information Publications by Anonim Pdf

Author : Anonim
Publisher : Unknown
Page : 460 pages
File Size : 51,5 Mb
Release : 2002
Category : Business enterprises
ISBN : MINN:31951D02248921P

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Business Taxpayer Information Publications by Anonim Pdf

Author : Anonim
Publisher : Unknown
Page : 360 pages
File Size : 48,7 Mb
Release : 2000
Category : Income tax
ISBN : UOM:39015063383155

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A Selection of ... Internal Revenue Service Tax Information Publications by Anonim Pdf

Author : Anonim
Publisher : Unknown
Page : 40 pages
File Size : 53,7 Mb
Release : 1999
Category : Capital gains tax
ISBN : MINN:30000006334175

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Sales and Other Dispositions of Assets by Anonim Pdf

Author : United States. Internal Revenue Service
Publisher : Unknown
Page : 220 pages
File Size : 53,8 Mb
Release : 1998
Category : Income tax deductions for losses
ISBN : UOM:39015077156704

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Disaster Losses Kit by United States. Internal Revenue Service Pdf

Author : United States. Internal Revenue Service
Publisher : Unknown
Page : 216 pages
File Size : 41,5 Mb
Release : 2000
Category : Electronic
ISBN : MINN:30000005866110

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Disaster losses kit for individuals by United States. Internal Revenue Service Pdf

Author : C. Kerry Fields,Kevin C. Fields
Publisher : Aspen Publishing
Page : 714 pages
File Size : 51,6 Mb
Release : 2018-01-31
Category : Law
ISBN : 9781454898979

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Contemporary Real Estate Law by C. Kerry Fields,Kevin C. Fields Pdf

Contemporary Real Estate Law, Second Edition by C. Kerry Fields and Kevin C. Fields, contains all the traditional topics in real estate law as well as the fresh, current information needed by real estate practitioners, brokers, investors, developers, homeowners, and anyone interested in the dynamic field of real estate. The authors focus on teaching the legal principles that create both rights enjoyed and the corresponding duties imposed upon those parties under property law. The Second Edition features the best and most current cases on each topic from courts across the United States. Many case-based examples throughout the text ensure students can apply the principles they learn. Exercises throughout the book challenge students to apply the law to real world settings, and “Focus on Ethics” sections highlight managerial decisions. Time-tested real estate forms and practice tips are provided to stimulate class discussion. Key Features: Exercises that challenge students to apply the law to real world situations Connected Coursebook format that offers robust search and highlighting, interactive practice questions, outlining software and more An accessible writing style combined with thoughtful pedagogy New charts, figures and exhibits to accelerate student learning A new chapter on environmental law that discusses frequent environmental issues that are present in real estate transactions