2024 January

Corporate Transparency Act Series: Calculating Ownership Percentages in Complex Real Estate Structures

2024 is here, and with it begins the Corporate Transparency Act (“CTA”) compliance requirements. As a quick refresher (and as discussed in our previous article, FinCEN Corporate Transparency Act Update): every corporation, limited liability company, or other entity formed by filing with the secretary of state (such as, in California, a limited partnership) is a…

What is Considered a “Like-Kind” Property Under Internal Revenue Code §1031?

By Márcia H. Yafuso LoeffelholzJanuary 29, 2024 In most sales of investment or business real estate property where there is a “gain” (i.e., income is made on the sale), tax must be paid on that gain at the time of the sale of the property. Internal Revenue Code (“I.R.C.”) § 1031 allows one to defer…

Protected: What is a “like-kind” property within the meaning of Internal Revenue Code (IRC) §1031?

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January 2024

Corporate Transparency Act Series: Calculating Ownership Percentages in Complex Real Estate Structures

What is Considered a “Like-Kind” Property Under Internal Revenue Code §1031?

Protected: What is a “like-kind” property within the meaning of Internal Revenue Code (IRC) §1031?