ADVANCED
Articles with advanced
information about how 1031 exchanges work...
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• NEW:
07.01.09 - Can
you sell multiple properties in
a 1031 exchange and roll all the
gain into one larger property?
A normal 1031 exchange has certain
rules, and selling multiple properties
doesn’t change those rules. But
it certainly presents speed bumps
that you’ll
need to overcome....
Speed Bumps: Selling Multiple Properties in a 1031 Exchange - by
Gary Gorman in The Colorado Real
Estate Journal, 07.01.09
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• NEW:
06.03.09 - A
Court ruled that 'sub-accounts'
are not 'separate accounts'
when it came to the bankruptcy
assets of LandAmerica's 1031 division.
The decision didn't just hurt the
division—it
brought down the entire company.
Clients were hurt by the decision,
but WHICH clients got hurt takes
a peculiar twist....
Bankruptcy Court Ruling: 1031 Sub-Accounts Available to Creditors - by
Gary Gorman in The Colorado Real
Estate Journal, 06.03.09
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• In
a recent Private Letter Ruling
the IRS ruled that the taxpayer
could acquire a 50% partnership
interest in a reverse exchange
and then subsequently take over
that interest to complete their
exchange....
50%
Partnership Interest Purchase: ‘OK’ says
IRS in a Reverse Exchange - by
Gary Gorman in The Colorado Real
Estate Journal, 04.01.09
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• In
today’s real estate market,
this is a great question that commonly
arises: "What does happen if you
sell a property bought in a 1031
exchange at a loss...?"
What
Happens When You Sell An Exchange
Property At A Loss? - by
Gary Gorman in The Colorado Real
Estate Journal, 02.18.09
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• One
of the largest title companies
in the United States filed for
bankruptcy--brought down by its'
1031 exchange operation. Do you
know what your exchange account’s
invested in?...
Where’s
Your Pooled Exchange Account Invested? - by
Gary Gorman in Realty Times,
01.21.09
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• Congress
passed the Housing Assistance Act of
2008 to help those who were losing
homes in foreclosure, but it could
affect taxation on the gain from the
sale of YOUR personal residence....
Congress
Limits Gain Exclusion on the Sale
of Some Primary Residences - by
Gary Gorman for Realty Times, 01.21.09
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• Just as its name implies, a Reverse Exchange lets you to take advantage of the
tax benefits of a 1031 exchange,
but instead allows you to purchase
your new property before you sell
your old one....
Capitalize on the Current Real Estate Market with a Reverse Exchange - by
Gary Gorman for ForeclosuresMass,
11.25.08
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• I’m amazed that more of my clients
don’t have cost segregation studies
done on their properties. If you
are one of the vast majority of
property owners who’ve never heard
of a cost seg study you should
take a look at this great tax benefit.....
Cost Segregation Studies
and 1031 Exchanges - by
Gary Gorman for The Colorado Real
Estate Journal, 11.05.08
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•
Say Fred and Sue fail to identify
replacement properties before their
deadline: when is their gain taxable?
When they sell or when they receive
their proceeds? The correct answer
is whichever year they want. Let
me explain....
Using
1031 Exchanges to Shift Gains Between
Tax Years - by
Gary Gorman for The Colorado Real
Estate Journal, 10.15.08
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• In this current climate of lender uncertainty, we’re getting a lot of questions about “owner carry” notes
and how they impact a 1031 exchange.
Whether you call it seller financing,
contract for deed or....
How Owner Carry Notes Impact 1031 Exchanges - by
Gary Gorman for The Colorado Real
Estate Journal, 09.17.08
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• 1031 exchanges can
fail for an assortment of reasons.
If yours looks like it's going
to fail, there may still be hope!
Read this article to learn how
1031 Exchange Experts help their
clients in this situation....
Saving
A Failed Exchange - by
Gary Gorman for The Colorado Real
Estate Journal, 08.20.08
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•
Should I sell or should I exchange?
I'd do one if Obama wins, but the
other if McCain wins. But by the
time I know who wins, it's too
late to decide! There's
a simple way to hedge your bets
in this real estate tax conundrum....
UNCERTAIN
TIMES: Planning Your Real Estate
Tax Alternatives - by
Gary Gorman for The Colorado Real
Estate Journal, 07.16.08
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• It
seems that every time I turn around,
I hear the term “short sales” in connection
with real estate. I hear talk of them
in the locker room at the gym; I read
about them in the newspaper, and I
see them on the Six O’clock News. Since
short sales are the big topic of....
Donna
Fries' radio interview with
Gary Gorman
