Fidelity National Title Idaho Blog

Huge, Proposed Changes Threaten 1031 Exchanges

Posted by Fidelity National Title Idaho on May 5, 2021 10:30:00 AM

The Biden administration is asking for a massive change to the way Section 1031 operates that could threaten the commercial property market.

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Tags: 1031 Exchanges, Russell Marsan

What Do the Final 1031 Regulations Mean For You?

Posted by Fidelity National Title Idaho on Feb 4, 2021 4:30:00 PM

Back in 2017, the Tax Cuts & Jobs Act (TJCA) made a big change to Section 1031, which allows taxpayers to put off recognition of capital gains and associated federal income tax liability. The change meant that Section 1031 could be applied only to exchanges of real property that were being held for productive use in a trade or business or for investment, or those that were not held primarily for sale.

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Tags: Taxes, 1031 Exchanges, Russell Marsan, Regulations

Could Your Home Office Offer an Unexpected Tax Break?

Posted by Fidelity National Title Idaho on Jul 4, 2020 2:45:00 PM

When the pandemic forced many professionals into home offices during the first half of the year, it seemed like a temporary solution. As the virus has raged on, however, companies are figuring out that decentralization could lead to a better bottom line — and that leaves those of us working from home with an opportunity for a tax break.

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Tags: 1031 Exchanges, Russell Marsan, Home Offices

1031 Exchange Relief Is In Sight

Posted by Fidelity National Title Idaho on Apr 13, 2020 10:41:18 AM

In normal times, a 1031 tax deferred exchange must be concluded within 180 days — but these aren’t normal times. The IRS has just extended both the 45-day identification period and the 180-day exchange period from April 1, 2020, to July 15, 2020. 

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Tags: Coronavirus, 1031 Exchanges, Russell Marsan

Serving the Real Estate Community of Idaho For Over 60 Years. We are the most trusted name in title insurance Since 1848 specializing in personal, exceptional service for all of our valued customers. Fidelity National Title Company provides premier title insurance, escrow & closing services. Fidelity National Title is one of the nation's premier real estate service companies, providing title insurance and other real estate-related products and services and is part of Fidelity National Financial, a Fortune 500 company.

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