The 1031 Tax Advantage for Real Estate Investors - Softcover

Harris, Timothy S.; Monroe, Linda

Softcover

ISBN 10: 0071478965 ISBN 13: 9780071478960

Publisher: McGraw-Hill, 2006

Synopsis

Increase your real estate wealth by deferring your capital gains taxes

The 1031 Tax Advantage for Real Estate Investors is a highly accessible guide to making the most of this powerful option. Timothy Harris and Linda Monroe bring their practical knowledge and legal expertise to the complex topic of tax-deferred “like-kind” exchanges, explaining the intricacies of 1031 in jargon-free language and dispelling common misconceptions.

Framing their approach around their clients' most frequently asked questions, the authors present detailed, step-by-step advice on all the required elements for a successful exchange. Through clear explanations of necessary tax concepts as well as example situations of actual investors, you'll learn how to:

Determine how much to reinvest in an exchange

Use the IRS identification rules to your advantage

Understand exchanges involving related parties and the implications of seller financing

Use real estate proceeds with NO tax consequences

Navigate the complexities of personal property exchanges, refinancing of exchange property, and exchanges done in reverse order

Handle earnest money deposits, and prorations

Take advantage of tax-deferred investor pools and TICs (Tenant-in-Common) benefits

About this title

From the Back Cover:

[Timothy S. Harris and Linda Monroe/The 1031 Tax Advantage for Real Estate Investors /0-07-147896-5

Increase your real estate wealth by deferring your capital gains taxes

The 1031 Tax Advantage for Real Estate Investors is a highly accessible guide to making the most of this powerful option. Timothy Harris and Linda Monroe bring their practical knowledge and legal expertise to the complex topic of tax-deferred “like-kind” exchanges, explaining the intricacies of 1031 in jargon-free language and dispelling common misconceptions.

Framing their approach around their clients' most frequently asked questions, the authors present detailed, step-by-step advice on all the required elements for a successful exchange. Through clear explanations of necessary tax concepts as well as example situations of actual investors, you'll learn how to:

Determine how much to reinvest in an exchange

Use the IRS identification rules to your advantage

Understand exchanges involving related parties and the implications of seller financing

Use real estate proceeds with NO tax consequences

Navigate the complexities of personal property exchanges, refinancing of exchange property, and exchanges done in reverse order

Handle earnest money deposits, and prorations

Take advantage of tax-deferred investor pools and TICs (Tenant-in-Common) benefits

Timothy S. Harris is the former President of TIMCOR ExchangeCorporation, one of the nation's leading 1031 exchange accommodators. He has been a member of the State Bar of California since 1974.

Linda Monroe is the former Executive Vice President and Corporate Counsel to TIMCOR Exchange Corporation. A member of the State Bar of California since 1976, she lectures extensively on 1031 exchanges.

About the Author:

Timothy S. Harris is the former President of TIMCOR Exchange Corporation, one of the nation's leading 1031 exchange accommodators. He has been a member of the State Bar of California since 1974.

Linda Monroe is First Vice President and Director of Operations for TIMCOR Exchange Corporation. A memeber of the State Bar of California since 1976, she lectures frequently on 1031 Exchanges.

About this edition

• Publisher: McGraw-Hill
• Publication date: 2006
• ISBN 10: 0071478965
• ISBN 13: 9780071478960
• Binding: Paperback
• Edition number: 1
• Number of pages: 256