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Happy Thanksgiving!
 Dear Friends, From the 1031 CORP. Family to yours, we wish you a happy, healthy and bountiful Thanksgiving Celebration! Warm Regards, Margo, Sue, Marissa, Bettye, Rich & Joe 1031 CORP. |
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Dealer Property or Investment Property?
The Answer Could Cost You
Everyone who purchases real estate considers it an investment and typically considers its potential resale value before acquiring it. However, IRS has different views of what qualifies as an investment property. Property held as stock in trade or primarily for sale is excluded from tax deferral treatment under section 1031. This would include a builder's inventory of lots and spec homes as well as properties acquired with the intention of "flipping" them. Additionally, these types of property are not considered capital assets and their sale are taxed as ordinary income not capital gains.
When explaining this issue to property owners, we are often asked how to make these properties qualify or if holding them longer will make a difference. When it comes to 1031 exchanges, much more important than the length of time a property is held is the intention of the owner. What picture has been painted to IRS regarding your use of the property?
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Enter To Win!
It's not too late to enter our LIKE IT Sweepstakes!
31 days of giveaways! Every day, we will choose a winner and award a gift card and copy of Bettye Matthews' book, The New §1031 Handbook!
How to Enter to Win?
It's easy! Just LIKE our 1031CORP page on Facebook for an entry.
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Trending This Month
The biggest trend in November has been reverse exchanges. As we mentioned earlier this year, we have seen a large increase in reverse exchange activity and this month has had a huge jump in questions regarding reverse exchanges and build-to-suit reverse exchanges. Here is a link to our article back in January 2011.
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Lunch & Learn Webinars 
Join us for one of our complimentary Lunch & Learn Webinar Series webinars designed to provide quick educational sessions to help you build and preserve wealth. Grab your lunch and log on to a computer near you!
1031 Exchanges Made Easy
Thursday, December 1st, 12:05 - 12:50 pm EST
This webinar will provide an overview of 1031 tax-deferred exchanges and their many benefits. We'll also review the requirements of a successful exchange. Register Now!
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1031 Seminar
TriplePlay Realtor® Convention & Expo
Letting Go: Counseling Boomers on Winding Down
Their Real Estate Portfolio
December 6-8, 2011
Come see Margo and Judy's presentation at TriplePlay! Attend their class for a wealth of information on various tax strategies that can be employed to wind down a real estate portfolio at retirement.
Triple Play 2011
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Message from our President
 | | Margo McDonnell |
Dear Friends,
I'd like to take this opportunity to thank you for your business and continued support. It is truly our honor and pleasure to work with you. You make it possible for us to do what we love everyday and we are grateful.
On behalf of our 1031 CORP. family, we wish you and yours a wonderful Thanksgiving and Happy Holiday Season.
Best regards,
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1031 CORP. Working with R.E.I. Consultants
Continues Expansion in Mid-Atlantic
1031 CORP. announced that it has entered into a working arrangement with R.E.I. Consultants, Ltd. and will now offer the many clients of R.E.I. Consultants, Ltd. qualified intermediary services under the 1031 CORP. brand. The transaction was completed July 1, 2011.
Read Full News Release |
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About 1031 CORP.
1991 - 2011: Celebrating 20 Years of Excellence
Serving as a nationwide qualified intermediary for 1031 tax-deferred exchanges since 1991, 1031 CORP. strives to provide a superior exchange experience for our customers and their advisors. We provide our customers with enhanced security of funds, knowledgeable exchange professionals and a commitment to keep the exchange process simple for our customers and their advisors. Every member of the exchange team is a Certified Exchange Specialist® and has the experience and expertise to facilitate even the most complex exchange transaction, including reverse, improvement and personal property exchanges. Additional information can be found at www.1031CORP.com. |
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Margo McDonnell, CES®
Certified Exchange Specialist®
President
1.800.828.1031 ext. 212
Mobile: 610.680.6896
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Sue Umstead, CES®
Certified Exchange Specialist®
Senior Vice President
1.800.828.1031 ext. 208
Mobile: 610.755.8520
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Marissa LoCascio, CES®
Certified Exchange Specialist®
Senior Exchange Officer
1.800.828.1031 ext. 210
Mobile: 610.742.4351
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Richard Heller, Esq., CCIM, CES®
Consultant
1.800.734.1031
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Bettye J. Matthews, CPA
Consultant
1.800.680.1031
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Joseph F. Szajnecki, CES®
Consultant
1.800.734.1031 |
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Article Exchange
Following are articles related to 1031 exchanges, taxes, real estate and related topics you may find of interest.
The Wall Street Journal
October 23, 2011
MarketWatch
November 21, 2011
CRE Pricing Recovery Continues With September Rebound
CoStar Group
November 16, 2011
If you have an article you would like to share, please forward it to Margo McDonnell,CES® and we'll include it in next month's reading list.
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"LIKE" 1031 CORP. on Facebook to receive a daily tidbit on 1031 exchanges and related topics.
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