Real Estate

Below are links to blog posts and other related content:

Proposed 1031 Exchange Changes

The Obama Administration proposes to limit the amount of capital gain deferred under Section 1031 of the Internal Revenue Code from the exchange of real property to $1,000,000 (indexed for inflation) per taxpayer per taxable year.

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Arizona Deeds

A deed is a legal instrument used to convey ownership of property, often real property or rights associated therewith, and which is recorded with a county recorder's office. Generally, three types of deeds are used to convey property that is being sold in Arizona: 1) warranty deed, 2) special warranty deed, 3) quit claim deed.

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1031 Exchanges By The Numbers

Section 1031 of the Internal Revenue Code ("IRC") allows taxpayers to defer paying taxes associated with long-term capital gain on the sale of eligible property used for business or investment purposed by "exchanging" such property for like-kind property.

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What Is A 1031 Exchange?

Section 1031 of the Internal Revenue Code allows the owner(s) of certain property to defer federal taxes associated with gain or loss on the sale of such property by acquiring qualified similar property.

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Arizona's Property Tax Exemption & Deferral

Arizona law permits the reduction, or elimination, of property tax obligations for qualified real property owners and also allows permits real property owners to defer payment of property taxes until the real property is sold or the real property owner dies.

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