1031 Exchange Specialists, Inc. (1031 ESI)

05/13/2025

https://www.journalofaccountancy.com/issues/2025/may/the-home-sale-gain-exclusion-in-todays-market/?utm_source=mnl:cpal&utm_medium=email&utm_campaign=13May2025

With the recent surge in home prices, it’s time for advisers to brush up on this valuable tax exclusion.

04/10/2025

https://l.facebook.com/l.php?u=https%3A%2F%2Fwww.businessinsider.com%2Favoid-capital-gains-tax-on-sale-of-home-2025-4%3Ffbclid%3DIwZXh0bgNhZW0CMTEAAR6EXw5-0sLpqPSoZhiE4h7sKfieG1FvQzJicOjLDfwXt2KJeiqdHcjlNZBqAw_aem_qtGYi2XAC-OyJafv4IeIqw&h=AT3k__oxltw6Whxv8Duio_V7Ac8_D_B1kPWldoa7fg8sz4iLMN3q3JdL5BLZJIT1V3tn9tnhXh-dc2gE2HSSQoe49Os79kw1Ua3mIezOAugCdL76vsJ6hKZiiWrINYasd27bgewbDjfQc2-S62l9ARt06ZM6kw&__tn__=%2CmH-R&c[0]=AT04DiO7L8-JV5vXlsFOQrAPE4AfvswMXZnX-MmyMxqAfgyOJP7V0CdFzQ6Uwz4IvHm7v7Bt7xvwpzMeF2zAVSuC5MV1BQkHeBshzyTzJgeKvIaU9C_Nv70vSyw67Kf2WcBgmDVidmF3jGTE5E4y9YXFrpEV29qfuYsyRhxvyFG9xwG3yU4kog

The Section 121 Exclusion lets taxpayers exclude up to $250,000 of the gain from the sale. A couple filing jointly can exclude up to $500,000.

09/23/2024

Converting vacation home to primary home:
https://l.facebook.com/l.php?u=https%3A%2F%2Fwww.thetaxadviser.com%2Fissues%2F2024%2Faug%2Fconverting-a-rental-or-vacation-home-into-a-primary-residence.html%3Futm_source%3Dmnl%253Acpal%26utm_medium%3Demail%26utm_campaign%3D23Sep2024%26fbclid%3DIwZXh0bgNhZW0CMTEAAR2H4eaVeAhl0aJNTorpmEx20ZJPDtjht9-2U1NLKp3Majk_Jw8wLKzX_qc_aem_1cQ4ye3zNwfuNVTr8xuY0A&h=AT0qYmBQsvekLZD8u8wfIHHKILAeHM0TGEiBqfot66jdr7K0R7fgvo4lxNd89AXZnDi3_V3kPAwBkQbudvc5grbU2Xp7Fi1O6OpwpNHEZJTh0mYCwue1DA2CfNQ1Wt91gg&__tn__=%2CmH-R&c[0]=AT1xCYTax4ITvKLRKpC0m1M-uNtCN-597W7Hygb7yh6qlzMMKmOkS-r9ZHzk0srdgsQVte906jj-Bf75Mslus0PllRFANvuw82_J0a6R0MiQMsMxuxk2x-dDFTaNc4CBlIul

Individuals relocating to another dwelling they own may face tax issues including periods of nonqualified use and, for previous rental units, depreciation recapture.

08/13/2024

Proposed tax brackets

The tax brackets, standard deduction, and the capital gains tax cutoff point for single and married filing jointly filing statuses will go up in 2025.

05/22/2024

The impact of capital gains tax increases on the stock market:

According to a report , Biden’s proposed 2025 budget would increase the top marginal rate on long-term capital gains and qualified dividends to an astonishing 44.6%.

08/24/2023

You might have some misconceptions about what kinds of real estate investments qualify for your 1031 exchange. Read on for a definitive list of your like-kind options.

08/17/2023

An investor can use a 1031 exchange to defer the capital gains tax that would otherwise be due on the sale of real estate in a foreign country. In that case, the replacement property must also be in a foreign country.

08/12/2023

Article explaining depreciation recapture.

Depreciation recapture can significantly impact gains after selling a property. Learn more about this process and how it might affect your investment strategy.

08/10/2023

Section 1245 property is personal property and not permitted under Section 1031. The taxpayer classified their hog building and other personal property as Section 1245 property and was denied 1031 tax deferral.

Taxpayers were not entitled to defer the gain from a likekind exchange because the property relinquished in the exchange was depreciated Sec. 1245 property.

02/28/2023

To leverage a 1031 exchange, an investor has to ensure the income from a real estate investment property sale is reinvested (or “exchanged”) in like-kind property.

02/17/2023

Purchasing a property of lesser value in a 1031 EXCHANGE allows a taxpayer to "cash-out" the difference in values while still preserving the tax benefits on a portion of the gain.

02/05/2023

Real estate investments can be lucrative assets. However, they can also incur capital gains taxes that weaken your profits. Fortunately, you can implement tactics that reduce capital gains taxes so you can keep more of your money. Although the IRS … Continue reading → The post Capital Gains Tax ...