CORE Real Estate Group

01/06/2026

Found wallet- turned it in to Walmart service desk

01/04/2025

Sport #2

01/04/2025

It’s cold

07/24/2024

NEW LISTING ALONG I-70 IN WARREN COUNTY. ZONED CD- ENDLESS PERMITTED USES. CALL TONY AT CORE REAL ESTATE GROUP, LLC

04/10/2024

BLESSED WITH A BUSY 2 WEEKS!
DILWORTH, MN - SOLD!
INTERNATIONAL FALLS, MN - SOLD!
PAYNESVILLE, MN - SOLD!
PINE RIVER, MN - SOLD!
NEW RICHMOND, WI-SOLD!

01/11/2024

NEW LISTING!! POTENTIAL COMMERCIAL SITE FOR SMALL CONTRACTOR OR LANDSCAPER. 1.2+/- ACRES JUST NORTH OF HWY Z & HWY N INTERSECTION IN WENTZVILLE MO. MLS #24001964

08/15/2023

Common pitfalls of 1031 Exchanges. Please reach out to us to help and make sure you are not a statistic that pays more capital gain tax than you have to.

07/27/2023

1031 Exchanges are not the only way to minimize your tax liability. Here are some more creative ways to consider.

Our team has experience in each of these and can help you through your next transaction.

Greg Schowe

Email Print A SUMMARY OF TAX ADVANTAGED STRATEGIES The Federal Tax Code provides a number of ways for taxpayers to dispose of, exchange or sell an appreciated property and receive tax benefits. Let’s briefly go over several of these ways: IRC Section 121 allows a taxpayer to exclude capital gain t...

07/18/2023

Section 1031 tax-deferred exchanges are a popular tax-deferral strategy for business owners and taxpayers who want to accomplish a wide range of business and/or investment objectives including some of the following:

1. Preservation of Equity – A properly structured 1031 exchange provides taxpayers the opportunity to defer 100% of both federal and/or state capital gain taxes, as well as depreciation recapture taxes. This essentially equals an interest-free, no-term loan on taxes due until the property is ultimately sold for cash.

2. Leverage – Many taxpayers exchange from a property where they have a high-equity position or one that is “free and clear” into a larger and more valuable property. A larger property often provides a better return on investment with more cash flow and additional depreciation benefits.

3. Diversification – Taxpayers have a number of opportunities for diversification through exchanges. One option is to diversify into another geographic region, such as exchanging from one multi-family property in Denver, Colorado, and acquiring two additional multi-family replacement properties – one in Los Angeles, California, and the other in Dallas, Texas. Another diversification alternative is acquiring an asset class such as exchanging out of several single-family residential properties into a small retail strip center as the replacement property.

4. Management Relief – Many taxpayers acquire multiple single-family rental properties over the years. The on-going maintenance and management of what can be a far-reaching group of single-family properties can be lessened by exchanging these properties at different locations for one replacement property better suited to on-site maintenance and management. Performing a 1031 exchange into a single multi-family with a resident manager is a good example of this strategy.

5. Estate Planning – Often a number of family members inherit one large property and disagree about what they want to do with the property recently inherited. Some family members may want to continue holding the property and some may opt to sell the investment property for the cash proceeds. By exchanging from one large relinquished property and into several smaller replacement properties while the taxpayer is alive, the taxpayer can designate after their death that each heir receives a different property which they can only individually and either hold or sell to meet their needs.