johnpohly

As an investment property owner, navigating the complex landscape of real estate can feel overwhelming, especially when considering exit strategies that do not compromise income. Delaware Statutory Trusts (DSTs) and Qualified Opportunity Zones (QOZs) present unique vehicles that can seamlessly transition your assets while deferring taxes and maintaining income, akin to taking … [Read more...] about Using DSTs and QOZs as an ‘Exit Ramp’ Without Losing Income

Real estate markets are dynamic, and savvy investors often find themselves needing to upgrade their properties to enhance value and appeal. However, when planning to execute a 1031 exchange following extensive renovations, it becomes critical to understand what qualifies as a "like-kind" exchange. Essentially, a 1031 exchange allows property owners to defer capital gains taxes … [Read more...] about 1031 Exchanges and Capital Improvements: What Counts as ‘Like-Kind’ When You’ve Renovated Heavily?

For investment property owners, a 1031 exchange offers an indispensable avenue for deferring taxes and facilitating asset growth. However, aligning this strategy with a cohesive estate plan requires diligence and informed advice from both attorneys and financial advisors. Here's why this alignment is crucial and what you should consider during the process. … [Read more...] about Aligning Your 1031 Exchange Strategy with Your Estate Plan: Attorney and Advisor Checklists

Navigating the realm of real estate investment can be complex, particularly for married couples looking to leverage tax advantages like those offered by a 1031 exchange. These exchanges provide a mechanism to defer capital gains tax when exchanging like-kind investment properties, but when the nuances of marital property ownership come into play, things can get intricate. … [Read more...] about 1031 Exchange Rules for Married Couples: Joint Owners, Community Property, and Estate Planning

Inheriting real estate can often feel like a financial windfall, but it also comes with significant strategic decisions. Investment property owners who inherit rental properties have a valuable tool at their disposal: the stepped-up basis. But what exactly does it mean, and how might it influence your decision to undertake a 1031 Exchange? This post explores these questions. … [Read more...] about Selling an Inherited Rental with a Stepped-Up Basis: Do You Still Need a 1031 Exchange?