1031 exchange rule is a major provision under IRC that saves capital gains tax . The Tax Cuts & Jobs Act has mode modification to section 1031 that will take away the capital gains exemptions from many
You can do a 1031 exchange on property that you hold for investment or business purposes (such as a rental property). However, property that you hold primarily for re-sale (short-term house flips and rehabs) may not qualify for 1031 because you may be holding the property as your inventory to re-sel
Many people conducting 1031 exchanges are concerned about getting 1099’d on the sale of their relinquished property. They are worried that if the IRS is notified of their sale, that it will jeopardize their exchange. Taxes & 1031 Exchanges Title companies, escrow companies, attorneys, mo
WHOLESALE LENDING AT-A-GLANCE RESERVES Broker-Glance Reserves Page 1 of 3 07/30/2018 . DESCRIPTION . Reserves, also known as "cash reserves", are defined as liquid or near liquid assets that remain available to the
San Diego Global Partnership Investment Forum 2018. Patrick Henry. President and CEO at GroGuru, Inc. Patrick Henry is a serial entrepreneur and the founder and CEO of QuestFusion, a San Diego-based consulting company that provides strategic guidance to entrepreneurs and startup companies.