What is a 1033-tax deferred exchange and how can I benefit?
Marc Perlof • March 3, 2023
For Commercial Real Estate… What is a 1033-tax deferred exchange and how can I benefit? A 1033- tax deferred exchange is similar to a 1031 tax deferred exchange in that you are deferring your capital gains tax that is owed if you cash out of the property. The major differences are 1) a government entity takes your property through Eminent Domain, 2) the time you have to identify a new property, and 3) the time to close on that new property.
#cre
#commercialrealestate
#marcperlofgroup
Council wants Downtown entertainment zone to be ‘bigger, broader better’ City Council members unanimously directed staff to develop a more ambitious entertainment zone for the Third Street Promenade this week, rejecting a limited pilot program in favor of a permanent, seven-days-a-week allowance for open container alcohol consumption throughout the area.
The Unintended Consequences of Measure ULA We present evidence suggesting that Measure ULA has reduced higher-end real estate transactions in Los Angeles. Since Measure ULA was enacted, the odds of a Los Angeles property selling at a price above its tax threshold have fallen by as much as 50%. In raw terms, this sharp decline occurred across all types of properties, but our strongest evidence suggests it was particularly pronounced for non-single family transactions, which fell by 30-50%.
Sam’s Club in big store remodeling and expansion move Sam’s Club is ramping up its expansion along with its investments in existing stores.
