Recent Tax Presentation by Michael J. O’Malley,
Hawaii Business Magazine's Finance Quarterly
November 2007
Leveraging 1031 Real Estate Exchanges to Generate Cash Flow
IRC Section 1031 allows taxpayers to exchange any business or investment property for any other “like kind” business or investment property on a tax-deferred basis, that is, without paying any current taxes. By structuring dispositions of real property to take advantage of Section 1031, owners can diversify their real estate portfolios and generate positive cash flow on a tax-preferred basis. Read more…
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