ERGonomics - official blog of the Exchange Resource Group

By Daniel E. McCabe, ESQ., Vice President Exchange Resource Group, LLC A common question our clients ask is whether their vacation or second home qualifies for a 1031 tax deferred exchange. The answer is "probably." This answer hinges on the actual use of the property by the owner. The IRS has somewhat clarified their.
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1031 Reverse Exchange Overview

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1031 ExchangeIf you find a property you would like to acquire before you sell your current property, a 1031 Reverse Exchange can save you thousands of dollars in capital gains tax. What is the IRS’s Position on Reverse Real Estate Exchanges? The.
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Rich Dad, Poor Dad

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If you or your clients have never read “Rich Dad Poor Dad” by Rober Kiyosaki, I recommend you do so now. This book has impacted almost every investor who has read it. It provides a good call to action for many who have been lulled into a false sense of security in the status.
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1031 Exchange Overview

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What is a 1031 Exchange? When you sell a property you typically have to pay tax on the gain. Gain is created when the property appreciates in value during its ownership or when deductions for depreciation are taken for tax purposes. A Section 1031.
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