IRS taking a bite out of Real Estate exchanges
Ever feel like yo
u can’t win for losing? Beware, the IRS is closing loopholes on Capital Gains for 1031 real estate exchanges. Here we go again – the IRS is changing the status of what constitutes capital gains on investment property. As if we don’t already have enough to think about as a real estate investor. The reason I bring this up is because we are in a super “investor” real estate market right now. I live and work in Boulder Colorado where we have people moving here from all over the world, not only because of the beautiful scenery, but because it’s still a good place to invest and that appreciation of the homes are still above average. I recently picked up a buyer that was looking at one of my foreclosure listings and she was thinking about buying it as an investment and then moving into it themselves in the next few years. Read the rest of this entry »



