A sale followed by a purchase does not qualify as a 1031 Exchange. Rather a process of intention needs to be in place to qualify for an exchange to count for the tax benefits. The transaction must be treated as an exchange for tax purposes. To convert a sale followed
Are you ready to dive into the world of real estate investing? Maybe you’ve watched too much HGTV, or you’re just looking for a way to make some extra cash. Whatever the reason, investing in real estate can be a thrilling and potentially lucrative adventure. But before you start snapping
Income, for planning purposes is any source of income that comes into your personal or professional balance sheet. Most people see this is income from their employment. We focus chiefly on investment income. This come from a few different sources: Interest Payments – which come from holding a persons or
