The 1031 Exchange Blog

Andrew Gustafson

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1031 Exchange Tax Law and Atlas 1031 Exchange Staff Addition

Posted by Andrew Gustafson on Wed, Feb 21, 2018

President Trump signed into law the Tax Cut and Jobs Act taking effect January 1, 2018, changing the 1031 tax deferred exchanges that were first imposed in 1921. The major change to the 1031 code is the removal of tax deferral treatment for tangible and intangible personal property, including assets such as collectible cars, aircraft, gold and silver bullion, equipment, cars and trucks, franchise fees and licenses. Tax deferred exchanges for real property were maintained.

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Tags: 1031 Like Kind Exchange Tax Law Change

Capital Gains Tax Impact on Investment Property and 1031 Exchanges

Posted by Andrew Gustafson on Tue, Dec 14, 2010

How will the current legislation to maintain the Bush era capital gains tax impact the number of 1031 exchanges and investment property?  As a fiscal conservative, I believe over the next two years real property held for investment will continue to stagnate or show little appreciation with the exception of those geographies with job growth translating into demand for housing.

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Tags: capital gains tax, 1031 exchanges, Investment Property

1031 Exchange Timeline Extensions

Posted by Andrew Gustafson on Wed, Dec 08, 2010

1031 exchange 45 day identification and 180 day exchange periods can be extended by Presidentially declared disasters, terroristic or Exchangors serving in combat zones.  Extensions apply to both forward and reverse 1031 exchanges.  

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Tags: 1031 reverse exchange, 1031 exchange, Presidentially Declared Disaster

Three Easy Steps to Quantifying Capital Gains Tax

Posted by Andrew Gustafson on Mon, Nov 29, 2010

Tax-Free Exchanges make sense when federal and or state capital gains taxes and recaptured depreciation exist.  Are they really tax free?  No, the taxes are simply delayed or postponed until the replacement property sells.  Another 1031 exchange can be initiated as many times as desired continuing to defer the capital gains tax. 

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Tags: capital gains, tax free exchange, 1031 exchange

Tangential Reflection on 1031 Exchanges

Posted by Andrew Gustafson on Mon, Nov 01, 2010

Have you ever been so focused on issues like 1031 exchanges and lost sight of the humor surrounding us?  Every now and then it is important to sit back, look and listen.

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Tags: like-kind exchange program, 1031 exchanges

Four Questions You Should Ask a Qualified Intermediary?

Posted by Andrew Gustafson on Tue, Aug 03, 2010

When considering engaging a Qualified Intermediary (QI) to accommodate a 1031 exchange there are a number of factors that should be considered. 

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Tags: 1031 exchange, qualified intermediary, QI

When is a 1031 exchange tax free?

Posted by Andrew Gustafson on Wed, Jun 09, 2010

Often I read articles that claim 1031 exchanges are tax free.  I look for the rebuttal that explains the tax is actually deferred, not eliminated. But there are two specific cases and possibly a third where the tax can be eliminated
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Tags: recaptured depreciation, Convert 1031 to primary residence, capital gains tax, 1031 exchange

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