Expert Real Estate Tips

1031 Exchange: What is Cost Basis?

Thu, 16 Oct 2008 12:02:16 PST

Learn how cost basis is calculated for a 1031 tax exchange. 1031 exchange expert Julianna A. Clementi-Ryan explains what's involved in determining cost basis. Play video

What to Ask a 1031 Exchange Company

Thu, 16 Oct 2008 11:57:47 PST

When you want to do a 1031 tax exchange you have to find a qualified intermediary, an impartial third party who will hold your funds. But how can you find a trustworthy 1031 exchange company? Ask them how long they've been in business, what insurance they have, what experience the staff has, where your 1031 funds will be held and what to do if the 1031 company goes bankrupt. Don't just rely on recommendations to find a 1031 exchange company. Play video

1031 Tax Exchange Timing

Thu, 16 Oct 2008 11:56:09 PST

Depending on when you do your 1031 tax exchange you may be able to claim a failed or partially failed 1031 exchange on your taxes. Learn how the timing of a 1031 exchange affects tax straddling. Be sure to discuss the timing of your 1031 tax exchange with your CPA or tax attorney. Play video

1031 Exchange: What Is Boot?

Thu, 16 Oct 2008 11:53:32 PST

In the 1031 exchange industry, boot is another word for tax. If you exchange property and your new property has a lower value than what you sold you incur boot. To avoid boot you need to buy new property for the entire amount of the property you sold. Learn more about a 1031 tax exchange and boot. Play video

1031 Exchange: What is It?

Thu, 16 Oct 2008 11:52:02 PST

A 1031 tax exchange is named for part of the IRS tax code. A 1031 exchange allows you to defer paying taxes on investment property including real estate, artwork, helicopters, copyrights, patents and more. You cannot do a 1031 exchange on personal property. This video gives you basic information about a 1031 exchange. Play video

1031 Exchange: Second Home Rules

Thu, 16 Oct 2008 11:50:13 PST

When you want to do a 1031 tax exchange for your second home you need to make sure that you're not using the home more than 14 or 20 days of the year. Learn more about 1031 tax exchange rules for second homes and check out our other 1031 videos at expertrealestatetipsl.net. Play video

1031 Reverse Exchange

Thu, 16 Oct 2008 11:48:21 PST

If you're doing a 1031 tax exchange on an investment property and you've found your replacement property but not yet sold your first property you'll want to do a reverse exchange. A 1031 reverse exchange allows the 1031 company to take title to the property until you sell it. Play video

1031 Exchange: 45 Day Rule

Thu, 16 Oct 2008 11:31:25 PST

When you're doing a 1031 tax exchange you have 45 days to identify your replacement property. The replacement property in a 1031 exchange has to be like kind property. So you have 45 days to find another domestic real estate property if the property you plan to sell is in the U.S. also. Learn whether weekends and holidays are included in the 45 day rule for 1031 exchanges. Play video

1031 Exchange: Recapture Depreciation Tax

Thu, 16 Oct 2008 00:00:15 PST

When you own an asset for business or investment use you can claim some depreciation as that asset drops in value. When you later sell that asset the IRS wants to get back, or recapture, some of the depreciation. Our 1031 exchange expert explains how recapture depreciation tax works. Play video

1031 Exchange: Why Use One?

Thu, 25 Sep 2008 04:42:46 PST

A 1031 exchange can be used for investment property other than real estate. Learn why to use a 1031 tax exchange from NES Exchange expert Julianna A. Clementi-Ryan. She talks about how a 1031 exchange can keep you from paying taxes on the profit you make from selling your investment. Play video

1031 Exchange: How Does It Work?

Thu, 25 Sep 2008 04:41:21 PST

If you own investment property and want to save on taxes, you may want to do a 1031 exchange. NES Exchange expert Julianna A. Clementi-Ryan describes how a 1031 exchange works including 1031 exchange time periods. Play video

1031 Exchange Investment Property: What's Ineligible

Thu, 25 Sep 2008 04:40:06 PST

You may want to avoid taxes when you sell your investment property. One option is a 1031 exchange. Not all investment property is eligible for a 1031 tax exchange. Learn which properties can't be used for a 1031 exchange. Play video

1031 Exchange: Property Holding Period

Thu, 25 Sep 2008 04:38:26 PST

When you do a 1031 exchange you may have to hold property for a set time. A holding period varies depending upon who you are selling your property to. If you're selling to a related party that party has to hold the property for two years and you have to hold your replacement property for two years. Learn more about how long you have to hold property to do a 1031 exchange here. Play video

1031 Exchange & Capital Gains Tax

Thu, 25 Sep 2008 04:37:21 PST

When you do a 1031 tax exchange it can save you capital gains tax and recapture depreciation tax. Taxes without a 1031 exchange can range 15 to 25 percent. They will be higher the more valuable your investment property or if you've claimed depreciation on the asset you're exchanging. Learn how to save money with a 1031 exchange. Play video

1031 Exchange: Eligible Assets

Thu, 25 Sep 2008 04:35:51 PST

You can do a 1031 tax exchange for assets other than real estate. Other 1031 eligible assets include artwork, musical instruments, aircraft, medical equipment, franchises and assets leased to other companies. Learn about 1031 eligible assets in this video featuring a 1031 expert. Play video

1031 Tax Exchange Fees

Thu, 25 Sep 2008 04:34:08 PST

When you hire a 1031 tax exchange company to help you exchange investment property you will pay some fees. 1031 exchange fees vary depending on the timing of the 1031 exchange. Fees will be higher for a 1031 exchange where the investor has acquired the new property before selling the old one. 1031 exchange companies factor risk into their fees. Play video

1031 Exchange: Death and Taxes

Thu, 25 Sep 2008 04:32:19 PST

A 1031 exchange may be an interest-free loan from the government. A 1031 exchange can be useful when someone inherits a property after the owner's death. A 1031 exchange can help you take advantage of a step up in tax basis. Play video

1031 Exchange: 3 Rules for Property

Thu, 25 Sep 2008 04:31:00 PST

When you're doing a 1031 tax exchange you need to follow three rules for identifying property. The three property rule allows you to consider three replacement properties without taking their fair market value into account. If you're looking at more than three properties for a 1031 exchange, you may be subject to the 200 percent rule or the 95 percent rule. Learn what these 1031 exchange rules are. Play video

1031 Exchange: What Is a Capital Gain?

Thu, 25 Sep 2008 04:28:37 PST

When you're doing a 1031 tax exchange, you need to know what a capital gain is. A capital gain is a profit on a capital asset. Capital gains tax is 15 percent on real estate. But if you're doing a 1031 exchange with another type of investment you'll likely pay your ordinary income tax rate on the capital gain. Play video

1031 Exchange: 180 Day Rule

Thu, 25 Sep 2008 04:27:12 PST

When doing a 1031 exchange, how long do you have to acquire your replacement property? 180 days. But you have to pay attention to when you pay your taxes and if you want the full 180 days, time your acquisition accordingly. Learn about the 180 day rule for 1031 tax exchanges and how that time is calculated. Play video