Comments for 1031 exchange blog

Comment on What do I do if my TIC is in trouble? by jeff

jeff — Sun, 21 Feb 2010 17:08:22 +0000

What happens if the bank forecloses, or a deed in lieu, and the entity that owns the tic is insolvent? Would taxes still be owed?

Comment on What do I do if my TIC is in trouble? by Moore McLaughlin

Moore McLaughlin — Sun, 21 Feb 2010 12:43:47 +0000

You have identified the important distinction between recourse and non-recourse debt. You have a valid point if the debt is recourse debt. However, with the TIC investments, the debt is almost always non-recourse debt. COD income cannot be generated from non-recourse debt. The insolvency exception applies to COD income, none of which arises when the debt is non-recourse.

Comment on What do I do if my TIC is in trouble? by jeff

jeff — Sun, 21 Feb 2010 02:20:08 +0000

if the company that receives the cod income is insolvent, then wouldn’t there be no tax due?

Comment on TICs in New Hampshire by Mike Smith

Mike Smith — Thu, 10 Dec 2009 19:05:07 +0000

Good posts regarding TIC and some of the myths. One issue to consider regarding TIC sales as it relates to real estate agents is that often the transaction is not covered by their E&O policy as it is an investment transaction not a real estate transaction. You should check with your carrier
Mike Smith
Axis Insurance Services LLC
http://www.axisins.com

Comment on Dealer Property defined in Oregon case by Tax Guru

Tax Guru — Mon, 23 Nov 2009 04:06:14 +0000

I’ve been engaged in taxations for longer then I care to acknowledge, both on the individualized side (all my working life history!!) and from a legal standpoint since passing the bar and following up on tax law. I’ve offered a lot of advice and righted a lot of wrongs, and I must say that what you’ve put up makes utter sense. Please carry on the good work - the more individuals know the better they’ll be armed to comprehend with the tax man, and that’s what it’s all about.

Comment on The Continued Popularity of 1031 Exchanges Among Baby Boomers by The Continued Popularity of 1031 Exchanges Among Baby Boomers …

The Continued Popularity of 1031 Exchanges Among Baby Boomers … — Mon, 19 Oct 2009 09:13:17 +0000

[...] Looking beyond whether these types of structures actually achieve the touted tax results, and whether the funds are truly safe, and whether the return on the investment is reasonable, the tax results, especially compared to 1031 …Continue [...]

Comment on The Continued Popularity of 1031 Exchanges Among Baby Boomers by Twitted by exeter1031

Twitted by exeter1031 — Tue, 07 Jul 2009 01:42:48 +0000

[...] This post was Twitted by exeter1031 [...]

Comment on The Continued Popularity of 1031 Exchanges Among Baby Boomers by Paula Straub

Paula Straub — Mon, 06 Jul 2009 17:34:45 +0000

I enjoyed your article on the 1031 exchange vs. the DST. I totally agree that if one wants to pass real estate most tax efficiently the 1031 exchange is the way to go. Each case is so totally different, there is a place for the DST, the Self Directed Installment Sale, the CRT, the Charitable Installment Bargain Sale, ect. Sometimes people are selling other assets such as businesses, collections, private stock, where a 1031 is not an option. Some people want out of real estate and have decided they are selling no matter what. The most important thing, I believe, is that people should be educated with all options avaiable, given the pros and cons of each, and be allowed to make the best decision for their own unique situation. Sometimes a combination of more than one option makes the most sense. I wish more attorneys and CPAs would make an effort to educate themselves on these options and the differences.

Comment on Thanks to Mike Hurney and MassRealEstate.net by A Guide On Short Sale Real Estate Investing | A Short Sales Guide For Sellers

Thu, 02 Jul 2009 07:16:32 +0000

[...] Thanks to Mike Hurney and MassRealEstate.net | 1031 exchange blog [...]

Comment on Thanks to Mike Hurney and MassRealEstate.net by » Thanks to Mike Hurney and MassRealEstate.net | 1031 exchange blog | Real Estate Investments Research

Thu, 02 Jul 2009 03:55:42 +0000

[...] story here Moore McLaughlin Gladiator Real Estate Investment Blog � Blog Archive � Is that a [...]