• Jerry´s Blog

  

  Balancing The Budget By Taxing Real Estate . . . Again!

  May 6th, 2019

  In the typical "smoky backroom" that is a regular part of the state's budget process, the legislature passed aRead More

  

  Mastering The Walk Through

  February 13th, 2019

  The final inspection or "walk through" can often generate last-minute disputes between buyers and sellers the Read More

  

  Avoid Making this 1031 Exchange Mistake in 2019

  February 1st, 2019

  A 1031 exchange is a powerful vehicle to build wealth by permitting taxpayers to defer capital gains, and Read More

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Monthly Archives: December 2017

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Filing Your Tax Return After Selling Property in a 1031 Like Kind Exchange: A Hidden Landmine in a Safe Harbor

Amanda: “Can you elaborate as to what constitutes “like-kind” properties ? That is, can a coop seller (where it’s been rented for 3 years) buy a condo? Or a house?” Jerry Feeney: “Good question Armanda. IRS guidelines interpret “like-kind” broadly with respect to real estate, and include coops held in productive use as an investment …

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