How To Do A Section 1031 Like Kind Exchange: Real Estate, NNN, DST, T-I-C - Softcover

Lantrip, Michael

Softcover

ISBN 10: 1945627042 ISBN 13: 9781945627040

Publisher: Anderson Logan, LLC, 2018

Synopsis

It's not possible to know everything about Section 1031. Or, is it? If it is, this is the book. You will learn how to: * Keep all of your profits, tax-deferred. * Use IRS money to buy more property. * Do owner financing within a Section 1031. * Buy and rehab without selling first. * Exchange Up to Larger Properties. * Use NNN - Triple Net Lease Properties. * Do T-I-C Tenancy-in-Common Deals. * Use DST Delaware Statutory Trusts. * Buy multiple Replacement Properties. * 6X personal property depreciation. * Close on an incomplete construction. * Do partially-tax-deferred exchanges. * "Net" boot, debt, assumptions, and notes. * Access equity tax-free (correctly!). * Use Section 1031 and Section 121 together. * Make a vacation home an investment. * Report the Exchange on Form 8824. * Refinance, die, eliminate all taxes. This is a clear over-the-shoulder look at the steps involved in a Simultaneous, Delayed, Reverse, and Construction Exchange, with real-life Examples, and detailed results explained with actual numbers.

About this title

From the Author:

This is the "kitchen sink" Edition of my other book, "How To Do A Section 1031 Like Kind Exchange: Simultaneous, Delayed, Reverse, Construction."  This one also contains extensive coverage of Triple Net Leases, Delaware Statutory Trusts, and Tenancy-in-Common T-I-C.

From the Inside Flap:

Section 1031 of the Internal Revenue Code makes it possible for you to start with a real estate investment of, say $50,000 and turn it into income property worth $30M in 30 years, deferring taxes along the way.Through a series of sales and purchases in which you defer Capital Gains taxes and Depreciation Recapture taxes with each transaction, you can also eventually eliminate most, if not all, of the deferred tax liability.With each transaction you do, this deferred tax money remains part of your investment funds, used to buy more property.Now, let's talk specifics.Section 1031 is not a "loophole."A "loophole" is defined as "an ambiguity or an inadequacy in the law or set of rules; synonym: a means of evasion."Section 1031 reflects long-standing government policy with a national purpose and intent.  It is here for every American citizen who wants to use it.Also, a Section 1031 Exchange is not "tax-free" and it is not "tax-exempt."It is "tax-deferred," which means that you will not be taxed on the profit from the sale of your investment at the time of sale, provided you agree to invest the Net Sales Proceeds into another "like kind" property of equal or greater value within 180 days.The arrangement benefits both you and the government.Now, let's save some taxes!

About this edition

• Publisher: Anderson Logan, LLC
• Publication date: 2018
• ISBN 10: 1945627042
• ISBN 13: 9781945627040
• Binding: Paperback
• Number of pages: 280