Real Estate Update in Palo Alto & Los Altos

The 45-day identification period begins on the date you close on the relinquished property (the property you sold) and ends 45 days later. To defer all of the capital gains, an investor or business owner must acquire property of equal or greater value than the property sold, and must reinvest all proceeds from the property [...]

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A 1031 exchange allows an investor or business owner to sell a piece of property and use the proceeds to buy another piece of property later on. As long as it’s done following the IRC Section 1031 rules and using the services of a qualified intermediary, the investor or business owner can defer any taxes [...]

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