Accounting for Real Estate
I have 30 plus
years of experience in accounting and income tax in
real estate. This includes consulting and specialty
areas like 1031 Exchanges. The
job is not completed until my client is satisfied. I
encourage my clients to do some of the work if they
want. My clients include brokers, developers, traders and
property owners -- both rental and non rental.
1031 Exchange
A 1031 (tax-deferred) Exchange involves selling a
qualifying property and
acquiring another qualifying property within a specific
time frame. Exchanging,
as opposed to selling and
buying a property qualifies the taxpayer for
deferal of the payment of
income taxes
If you are thinking of selling your
existing property you should definitely consider
this option. Otherwise, you
will pay income taxes
when you file your tax return, capital gains at best,
ordinary rates at worst.
As an expert in 1031 Exchanges, we will advise you
how to:
-
minimize taxes
-
protect your assets and
-
maximize
profits
Our firm works with several qualified intermediaries
to provide these exchange
services. Together we will help you maximize your gains
from your real estate
investments.
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