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When you own an investment property, understanding your cost basis is essential. Basis is the starting point for determining your taxable gain, how much depreciation you can take, and what your tax obligations will be when you sell. It also plays a critical role in tax-deferral strategies like a 1031 exchange, where knowing your adjusted[…] Read More

In a recent article developed in partnership with Bisnow Cincinnati, Steve Wolterman, Esq.—president and owner of 1031 Federal Exchange—discusses how 1031 exchanges can support long-term wealth building while reducing immediate tax liabilities. More real estate investors are turning to 1031 exchanges as a strategic way to grow their portfolios and defer capital gains taxes. Under[…] Read More

A 1031 exchange, often referred to as a “like-kind exchange,” is a tax strategy that allows investors to defer paying capital gains taxes on an investment property when it is sold, as long as the proceeds are reinvested into a new property of equal or greater value. This can be a valuable tool for real[…] Read More