Section 1031 Real Estate and Personal Property Exchanges
Posted in Personal Property Exchanges on Oct 27th, 2009
We all applauded when bonus depreciation for 2008-2009 was announced as a way to justify new equipment purchases. Many buying decisions were delayed as the economy weakened and time was marching on as tired equipment was constantly being repaired to keep businesses running smoothly. The bad news is that accelerated (bonus) depreciation will result in [...]
Posted in Personal Property Exchanges on Oct 12th, 2009
The planning aspects of 1031 Personal Property exchanges cannot be over emphasized. The best result will always manifest in careful examination of the facts. When determining what equipment to sell, it is imperative to first analyze the current book value or tax basis. It is possible to own identical pieces of equipment, say two bulldozers [...]
Posted in Personal Property Exchanges on Oct 5th, 2009
Section 1031 is well known for its advantageous tax deferral for the sale of business or investment use real property, it is less well known for its tax advantages for the sale of business use personal property. Trains, planes and automobiles are not just transportation modalities but are also classified as personal property eligible for [...]
