Lisa Lambert's (lisa_lambertesq) Blog

LEARN HOW TO ANALYZE SMALL INVESTMENT PROPERTIESFalling prices encourage investors TO BUY!!!! This is the first step in developing your investor niche. Learn how to analyze small investment properties from a before tax and after tax cash flow basis. You will learn how to evaluate the investment v...

EXCHANGE EQUATION"BALANCING THE EXCHANGE" Whenever property is sold, it is important to make the distinction between realized gain and recognized gain. Realized gain is defined as the net sale price minus the adjusted tax basis. Recognized gain is the taxable portion of the realized gain. The com...

Have you heard about 1031 exchanges but you don't know exactly what is involved?If you're a real estate agent, understanding 1031 exchanges can increase your income.Section 1031 of the Internal Revenue Code permits sellers of appreciated investment property (as defined by the code) to defer recog...

THE API ADVANTAGETM  As a leading national qualified intermediary, Asset Preservation, Inc. (API) is committed to providing its exchange clients with unmatched customer service and the highest level of security available in the §1031 exchange industry. From the client's first contact with an API ...

HOW SECURE ARE THE EXCHANGE FUNDS? "IT'S THE MOST IMPORTANTQUESTION TO ASK AN INTERMEDIARY" BEWARE Security of the exchange funds is paramount to all other aspects of an exchange. Many property owners are not aware that, with the exception of minimal regulations in the state of Nevada, Qualified ...

CLOSING COSTS"WHAT COSTS CAN BE CONSIDERED ACCEPTABLE EXCHANGE EXPENSES?" A frequently asked question is "What expenses can be deducted from the exchange proceeds without resulting in a tax consequence?" Although the IRS has not published a complete list of qualifying expenses, there are some rul...

The Internal Revenue Code's section 1031 permits owners of appreciated investment property to defer the capital gain tax due on the sale of the relinquished property (conceptually the "old property") by completing the purchase of replacement property (conceptually the "new property") within 180 d...

INVOLUNTARY CONVERSIONS "HANDLING INSURANCE PAYOUTS" WHAT IS AN INVOLUNTARY CONVERSION?   Certain involuntary dispositions of appreciated property are eligible for income tax deferral under Internal Revenue Code §1033.  Events that result in an involuntary conversion include theft, damage resulti...

SELLING APPRECIATED PROPERTY"A SUMMARY OF TAX ADVANTAGED STRATEGIES" The Federal Tax Code provides ways a property owner can dispose of, exchange or sell an appreciated property and receive tax benefits. Some alternatives are described below. IRC Section 121 enables a homeowner to exclude capital...

PARTNERSHIPS AND 1031 EXCHANGES "WHAT HAPPENS WHEN ONLY ONE PARTNER WANTS TO EXCHANGE?" A partnership may exchange property for other property of like-kind. However, IRC section 1031(a)(2)(D) specifically prohibits exchanges of partnership interests. This means that an Exchanger cannot buy into o...