by Kendall P | Jan 31, 2019 | Foreign Real Property Exchanges
Foreign investors can take advantage of the 1031 exchange process; however, the process is confusing and overly burdensome. (We have been involved with several FIRPTA 1031 exchanges.) The Real Estate Investment and Jobs Act has been introduced to eliminate FIRPTA....
by Kendall P | Jan 31, 2019 | Realty Exchange Corporation
The appeal of Sharon Mitchel vs. California is a CA Drop and Swap tax case we are watching closely. The case has potential national impact. The language of the 1031 law says you can exchange property that is held for investment or business purpose for replacement...
by Kendall P | Jan 31, 2019 | History
This year Realty Exchange Corporation celebrates 29 years as a Qualified Intermediary (QI). Founded in 1990 by Ed Horan (pictured), Realty Exchange continues its laser focus to provide 1031 exchange QI services for our clients. We thank the thousands of clients who...
by Kendall P | Jan 31, 2019 | History
After surviving the generational downturn, we have recovered. We are watching the news and trends as you are, and we know we are due for some correction. Therefore, we are forecasting a slower pace of growth for 2019. We are closely tracking our metrics to give us...
by Kendall P | Jan 31, 2019 | Tax Reform
Bill Horan pictured. The general public and professional practitioners do not know how close we came to losing 1031 exchanges in the last tax reform, even though tax-free exchange of property has been in the tax code since 1921. For several years we have been on the...
by Kendall P | Jan 31, 2019 | Law, Regulations
As part of implementing tax reform, Congress gives Treasury the job to provide regulations interpreting the new law. A new component of the tax law, 199A, provides pass-through businesses the ability to deduct 20% of their qualified business income if they meet...
