Exchange news and Blog
1031 Exchange News
December, 2010 - Federal long term capital gains taxes to remain at 15% in 2011 for that portion of appreciation gain for Taxpayer's in the 25% and higher tax brackets.
March, 2010 - The federal health care reform legislation imposes a 3.8% medicare contribution tax starting in 2013 for certain taxpayers on investment income. The National Association of Realtors has some excellent information on this new tax here.
Blog
April 19, 2011 - Article on taxation upon disposing of real estate by Patrick Harrigan with Gain 1031 Exchange Company in Minnesota Dakota CCIM Chapter Newsletter. See page 2 here.
April 5, 2011 - Patrick Harrigan with Gain 1031 Exchange Company to be a discussion leader at the Commercial Association of Realtors Wisconsin Roundtable Forum on April 12, 2011. Find out more here
March 25, 2011 - Article on 1031 exchanges from Forbes online.
March 18, 2011 - Patrick Harrigan with Gain 1031 Exchange Company is one of only 190 Certified Exchange Specialists® nationwide reflecting specialized knowledge in the 1031 exchange field.
February 14, 2011 - Taxpayers who itemize can now begin filing.
January 6, 2011- Here is a link to a great summary of the new tax rules for 2011 and how they effect real estate from the National Association of Realtors. here
December 20, 2010 - Capital Gains tax rates to remain at 2010 levels through 2012. The rate is 15% if you are in 25% federal income tax bracket or above.
November 4, 2010 - Article written by Patrick Harrigan of Gain 1031 Exchange Company in the November edition of the Wisconsin Lawyer Magazine - Here is the link:
October 20, 2010 - Patrick Harrigan is awarded the designation of Certified Exchange Specialist®
July 23, 2010 - Gain 1031 Exchange Company to sponsor 1031 class at the Wisconsin Realtors Convention in September.
July 22, 2010 - The Financial Reform Act just passed by congress and signed by the president includes a mandate to the new Bureau of Consumer Financial Protection to propose legislation and/or regulation of Qualified Intermediaries. The Federation of Exchange Accommodators supports industry regulation.
May 12, 2010 - Wisconsin real estate agents - don't forget that there is an elective class on 1031 exchanges available for the 2009 -2010 CE credit reporting period.
April 15, 2010 - Tax day is upon us. Don't forget to file for an extension if you have not completed your 2009 exchange.
February, 2010 -I recommend Lasser's Taxation books - The annually published tax guides have great materials on exchanges.