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NEWSLETTERS

Each Quarter Exchange Authority sends a newsletter to clients and legal, financial, and real estate professionals.  Each issue is filled with information on the latest regulations and rulings along with help tips on the practical application of Exchange rules.

If you would like to be included in our mailing list, please complete the contact form and we will gladly add you to our mailing list.  Below you will find examples of just a few of our newsletters.

Exchange Facts - Issue 1:  This newsletter presents many of the most commonly misunderstood facts regarding exchanges.  Topics covered include:

• Like Kind
• Qualifying Use
• Exchange Period
• Disqualified Person
• Napkin Test
• Vacation Home, Second Home
• Partnership Interest
• Reverse Exchange

Read More>>  Exchange_Facts1_Newsletter.pdf

Exchange Facts - Issue 2:  A continuation of the information presented in Issue 1, the topics covered here include:

• Identification Rules
• Release of Funds 
• General Provisions
• Qualified Intermediary 
• Boot "offsetting" provisions

Read More>>  Exchange_Facts2_Newsletter.pdf

Exclusion of Gain From Sale of Prinicipal Residence: The final regulations continue to provide that in the event a taxpayer owned and used more than one residence during the year that the residence used the majority of the time would be considered, under most circumstances, as the primary residence for purposes of IRC §121. Notwithstanding, the regulations also provide an alternative list of factors that a taxpayer may rely on to identify which property is the principal residence. 

Read More>>  Introduction To Exchanges Newsletter.pdf

Acquiring Replacement Property From a Related Party: As part of the Omnibus Budget Reconciliation Act of 1989, Congress added Subsection (f) to IRC §1031 to eliminate certain abuses by related parties relative to a taxpayer's ability to reduce gain on the sale of formerly low basis property by shifting basis in an Exchange.  EXAMPLE 1:   Suppose a taxpayer held low basis property and a related party held high basis property. The taxpayer and the related party agree to sell the taxpayer's low basis property and keep the related party's high basis property. 

Read More>>  Acquiring_Property_Newsletter.pdf

Fully or Partially Tax Deferred:  Exchanges may be fully tax deferred or partially deferred and partially taxable.  An Exchange will be partially taxable if the taxpayer receives net non-like-kind property, ("Boot") in the Exchange.  Cash Boot is received, and therefore taxable, when the taxpayer receives cash at the time of sale of the relinquished property. Taxable net cash Boot may also be received...

Read More>>  Fully_Partially_Tax_Deferred_Newsletter.pdf

Is Tenant In Common Right For You?  Tenant in Common purchases are a way for investors to joint venture ownership of property with other investors in a showcase property as part of an exchange.  Investors who buy TIC interests hold an undivided fractionalized ownership interest in the property that is aquired.  To learn more about Tenant In Common, please Contact Us.

Vacation and Second Homes.  Do you have a second home or vacation home that you are thinking of selling?  Did you know that you may be able to defer 100% of your capital gains tax from the sale of the property? . . . Your vacation home or second home may constitute qualified use property if you hold the property for any of the following reasons . .

Read More>>  Vacation_Second_Homes_Newsletter.pdf