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Don’t Make These 1031 Exchange Mistakes!

Posted by Chris Peterson | Mar 15, 2023 | 0 Comments

A 1031 exchange is a tax-deferred exchange that allows an investor to sell a property and use the proceeds to purchase a like-kind property, thereby deferring the payment of capital gains taxes. However, there are several mistakes that investors can make with 1031 exchanges

Can You Cancel or Back Out of a 1031 Exchange?

Posted by Chris Peterson | Feb 13, 2023 | 0 Comments

As with any investment decision, there may be times when a property owner changes his or her mind and no longer wants to go through with a planned 1031 Exchange. When this happens, it is important for investors to understand their options and the consequences of backing out of the process.

How to Know if You Have to Pay Capital Gains Tax

Posted by Chris Peterson | Jul 29, 2022 | 0 Comments

When it comes to selling assets for a profit, it's important to be aware of capital gains taxes. Essentially, if you sell an asset for more than you paid for it, you may be subject to paying capital gains tax on the profit. This can include anything from stocks and bonds to real estate or even your car.

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