Category Archives: IRS

Want a Vacation Home? Check the Tax Laws First

Posted on June 1, 2018 by Dawn O'Neal

Interesting issues to delve into before buying a home.  Smart tax planning up front will save many headaches down the road. – Dawn The Tax Cuts and Jobs Act of 2017 is changing how buyers pay for that oceanfront condominium … Continue reading →

Posted in Buyers, Buying a Home, Income Tax, Investment Properties, Investors - Investment Income, IRS, Lenders & Loans, New Homes, Property Taxes, Real Estate - Sellers & Buyers, REALTOR®, Second Homes, Tax Basis, Tax Reform | Tagged , , , , , , , , , , | Leave a comment

1031 Exchanges & Capital Gains – Do You Know?

Posted on January 26, 2018 by Dawn O'Neal

Here is a great Quiz from The National Association of REALTORS® Magazine.  Do you know all you need to in order to exchange a property and defer capital gains?  (Be sure to follow up with a Qualified Intermediary to see how … Continue reading →

Posted in 1031 Exchanges, Buyers, Income Tax, Investors - Investment Income, IRS, Personal Opinions, Real Estate - Sellers & Buyers, REALTOR®, Tax Basis, Tax Relief | Tagged , , , , , , , , | Leave a comment

1031 Deadline Date Relief for CA Wildfire Affected Exchangers

Posted on October 16, 2017 by Dawn O'Neal

 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