Category Archives: Tax Basis

1031 Deadline Date Relief for CA Wildfire Affected Exchangers

 Here is an article that I hope will help investors who lost property in the California wildfires. Revenue Procedure 2007-56 permits extension of IRC §1031 exchange deadlines upon issuance of an IRS Notice or other guidance permitting relief to taxpayers … Continue reading

Posted in 1031 Exchanges, Investors - Investment Income, IRS, NAR-National Association of REALTORS®, Real Estate - Sellers & Buyers, REALTOR®, Tax Basis, Tax Relief, Wildfires | Tagged , , | Leave a comment

3.8% Tax Coming 1/1/2013 on Investment Income

The 3.8% Tax Real Estate Scenarios & Examples Effective January 1, 2013 The NATIONAL ASSOCIATION OF REALTORS® has developed this informational brochure to help consumers understand the taxation effect of the new tax — passed by Congress in 2010 with … Continue reading

Posted in Income Tax, Investors - Investment Income, NAR-National Association of REALTORS®, Tax Basis | 1 Comment

Keep Your Prop 13 Property Tax Basis

Prop 60Prop 90Retirement Tax BasisProposition 13 Many people have asked exactly how the Prop 60 and Prop 90 works for them to be able to take their Property Tax Basis under Proposition 13 with them to a new home, and … Continue reading

Posted in Age 55 Property Taxes, Prop 13, Prop 60, Prop 90, Tax Basis, Tax Relief | Leave a comment