The book describes how real estate investors can safely defer capital gains tax by using a qualified intermediary to do a like kind exchange. The "safe harbor" process and IRS rules for completion of a tex deferred exchange of real estate are complex. This book explains the process step by step so that taxpayers can successfully compete their exchange. The criteria for qualifying properties is clearly explained. Worksheets in the book allow the taxpayer to compute the dederal tax that will be due if the taxpayer does not do an exchange. The important reinvestment requirements are explained in detail to ensure that the exchange will be fully tax free. The 45-day identification requirement and the 180-day exchange period are explained. A sample indentification letter is included for taxpayer use. Special exchange subjects included in the book include how to do a reverse exchange, combining an installment sale with a like kind exchange, how to convert your real estate rental into your principal residence, and the growing use of Tenancy-In-Common (TIC) commercial properties to complete an exchange. The actual Internal Revenue Code and IRS Regulations on like kind exchanges are included in the book's appendix. Also included are the suggested real estate contact addendums to show the taxpayers intent to do a like kind exchange. A tutorial on the new IRC Section 121 rules for exclusion of capital gains on the sale of a principal residence is also included. The final chapter in the book give a full explanation of how to report the exchange to the IRS and complete the intricate IRS Form 8824.

How to Do a Like Kind Exchange of Real Estate If you own investment, business, or rental real estate this book can save you thousands of dollars in capital gains taxes. It is a true how to do book. The IRS requires a taxpayer to use a qualified intermediary if they wish to take advantage of the ‘safe harbor’ procedures established in the IRS regulation for a deferred exchange. This book explains the important and mandatory tasks for both the qualified intermediary (QI) and the taxpayer in an exchange. Simple to follow instructions and forms in this book will help you – — Learn if your property qualifies for a 1031 like kind exchange — Figure how much tax you will have to pay Uncle Sam if you sell — Determine what your reinvestment requirements will be — Know what documentation is required — Understand the exchange escrow requirements and rules — How to report the exchange to the IRS and much more !!!

Federal Taxation of Real Estate Exchanges is a crash course in the art of the deferred real estate exchange. Learn easy steps to sell old real estate and buy new without paying federal income taxes by using IRS safe-harbor exchange rules. It's the definitive guide to taxation of real estate exchanges for real estate investors and serious professionals who are seeking a growing sophistication and appreciation of how powerful the deferred exchange is in the fast changing world of real estate investments. Federal Taxation of Real Estate Exchanges was first born as a three-day continuing education seminar which author Rich Robinson wrote and taught to thousands of real estate agents, CPAs and investors from coast-to-coast. During this time Rich teamed up with real estate broker and Qualified Intermediary, Jim Maxwell. By combining Rich's years of experience as a CPA, writing and teaching federal taxation of real estate transactions and Jim's practical "street smart" knowledge and background in real estate exchanging, they created a new educational program presented at the National Association of Realtors(R) Annual Convention. This course is based on that highly successful program.

Top Real Estate Investors use Section 1031 instead of paying taxes on Capital Gains and Depreciation Recapture. And then they use the IRS's money to buy additional property. You can, too. Learn how to: 1.) Keep all of your profits, tax-deferred. 2.) Use IRS money to buy more property. 3.) Do Owner Financing within a Section 1031 Exchange. 4.) Buy and Rehab without selling first. 5.) Buy multiple Replacement Properties. 6.) 6X your personal property Depreciation. 7.) Close on an incomplete construction. 8.) Do a partially tax-deferred Exchange. 9.) Access your Equity tax-free. 10.) Use Section 121 and Section 1031 together. 11.) Make a Vacation Home an investment. 12.) Refinance, die, and eliminate all deferred taxes.

"A few years ago I embarked on a project to teach my children everything I knew about investing and personal finance. As you read this book, you will immediately recognize it is unlike any other investment and personal finance book you have ever encountered. The book gets its title Financial Tales because the financial lessons revealed are all told in the form of tales. We teach through tales because throughout history our greatest teachers have taught through stores, fables and parables. It is a powerful way to learn because it encourages immediate, positive and long-lasting action. In doing so, we are able to relate to the stories, either personally or by observation of others and thus gain practical skills. My goal today is to demystify a complex topic and for you to gain access to the same investment and personal finance knowledge previously reserved for family, close friends and clients. I hope you share it with all those dear to you." -Carlos Sera, author of Financial Tales These tales will also help you: Develop a sustainable relationship with money Understand financial markets Manage your investments intelligently and by yourself Identify and hire expert advisors if you choose to work with one Work productively with your expert advisor Create a game winning financial team Retire intelligently and with abundance Prepare for the unexpected Learn accountability and develop good habits Pick the right college and insurance policy Overcome the biggest obstacle to investment success Learn to say "no" when you want to say "yes"

The Loopholes of Real Estate reveals the tax and legal strategies used by the rich for generations to acquire and benefit from real estate investments. Clearly written, The Loopholes of Real Estate shows you how to open tax loopholes for your benefit and close legal loopholes for your protection.