by Kenneth Palmen | Oct 28, 2014 | 1031: Did You Know?
In a Section § 1031 Like-Kind Exchange, real property is generally like-kind to any other real property (i.e. vacant land may be exchanged for an apartment building and an office building for a strip mall). For personal property, like-kind is defined by one of two...
by Kenneth Palmen | Oct 13, 2014 | Federal Activity Impacting 1031s
Congress is considering legislation to make Section 168 Bonus Depreciation and Section 179 Depreciation Allowance permanent. Insiders believe this matter will be shelved until after November 2014 elections. 168 is currently expired for 2014. Congress may reinstate it...
by Kenneth Palmen | Oct 6, 2014 | 1031: Did You Know?
If it’s an asset, you can exchange it via Section 1031 (well, it’s nearly that broad). With very few exceptions including stock in trade, stocks, bonds, notes and certain ownership interests, any business-use or investment asset is eligible for a 1031...
