Peak 1031 Exchange, Inc. Welcomes Jay Peet as Vice President of Business Development
Peak 1031 Exchange, Inc., a leading qualified intermediary for 1031 tax-deferred exchanges, is proud to announce the addition of Jay Peet as Vice President of Business Development. With over 20 years of experience in real estate and a proven track record as a Certified 1031 Exchange Specialist, Jay brings deep expertise and strategic insight to […]
Identifying Delaware Statutory Trusts (DST) In A 1031 Exchange
As the US investor population ages we’ve seen an upward trend in investment funds being shifted into real estate holdings that are passively held. It is also becoming increasingly difficult for investors to find viable replacement properties within the narrow deadlines of IRC section 1031. A Delaware Statutory Trust (DST) therefore represents a viable solution […]
How Cost Segregation Studies Can Increase Your Tax Savings
All real estate owners and investors are concerned about how they can reduce and/or defer their taxes. Cost segregation studies and 1031 Exchanges are two powerful tax strategies that investors can utilize to both reduce operating expenses and defer capital gains taxes. There are several factors that investors should take into consideration. The Role of […]
Closing Costs & 1031 Exchanges
When engaging in a 1031 Exchange, understanding the intricacies of closing costs and how they impact your transaction is crucial. This process offers substantial tax advantages, but only if expenses are handled correctly. Let’s break down the key elements of closing costs in the context of a 1031 Exchange. What Are Deductible Closing Costs? A […]
Balancing The Equities In A 1031 Exchange
When an asset is sold for more than its adjusted tax basis, the amount exceeding the basis is recognized as“gain” and is taxed at the capital gains tax rate. The gain is calculated by taking the net sales price of the asset(sales price less closing costs and commissions) minus its adjusted tax basis. The adjusted […]
Navigating 1033 Exchanges After Wildfires: Insurance Payout Strategies for Los Angeles County Residents
The recent wildfires in Los Angeles County have left many homeowners and property investors grappling with loss. If you have received an insurance payout for property destroyed by fire, it’s important to know that the Internal Revenue Code (IRC) Section 1033 offers a way to defer capital gains taxes on the proceeds through an involuntary […]
IRS Announces Disaster Relief for Los Angeles County: Extended Deadlines for 1031 Exchanges
The recent wildfires in Los Angeles County have left a profound impact on residents and businesses. In response, the IRS issued a notice on January 10, 2025, declaring Los Angeles County a federally recognized disaster area. This declaration triggers important deadline extensions for individuals and businesses currently involved in 1031 Exchanges. At Peak 1031 Exchange, […]
Fractional Ownership and 1031 Exchanges
Fractional ownership is an investment strategy where multiple investors purchase an interest in a property, allowing each to own a portion of it. This approach is particularly beneficial in the real estate market, as it reduces the financial burden on individual investors while providing access to high-value properties. By sharing ownership, investors can diversify their […]
1031 Exchanges and Mineral Rights: What You Need to Know
If you’re considering diversifying your portfolio by transitioning from traditional real estate investments into mineral rights, it’s essential to understand the complexities of the process. A key question is whether the mineral rights you’re acquiring are exchangeable in a 1031 exchange and if they qualify as “like-kind” to the real estate you’re selling. While this […]
Understanding the Reverse Exchange Process
In a standard “forward” or “deferred” 1031 exchange, a taxpayer defers capital gains taxes by exchanging property (“relinquished property”) for like-kind property of equal or greater value (“replacement property”) and reinvesting all of the net proceeds. While the replacement property doesn’t have to close escrow until 180 days after the sale of the relinquished property, […]