Read practical guides for business sales, real estate exits, equity liquidity, windfalls, and other moments where the right advisor questions matter.
Stepped-up basis rules can significantly change the tax picture on inherited real estate. Here are the topics worth raising with your tax advisor before any sale.
Topics to clarify with your tax advisor about like-kind property in a 1031 exchange before identifying replacement property.
Boot in a 1031 exchange can produce unexpected taxable gain at closing. Topics worth reviewing with a tax advisor before the closing date.
The qualified intermediary holds your sale proceeds and documents the like-kind exchange. Choosing one without input from your tax and legal advisors is a common and avoidable risk.
The 45-day identification window leaves no room for uncertainty. Clarifying the rules, the written requirements, and the interaction with your tax return deadline before the relinquished property closes can prevent the mistakes that disqualify exchanges.
