Bob Goodson's Articles
Bob Goodson
Regional Sales Manager UT, ID, WY, MT, First American Exchange
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Seller Financing Strategies and 1031 Exchanges
Posted: Thursday, January 18, 2024
Author: Bob Goodson
As interest rates rise and financing gets more challenging, sellers who are motivated to sell may offer to finance a portion of the purchase price. At the closing, the buyer...
Potential Tax Benefits of A Failed Exchange
Posted: Thursday, December 07, 2023
Author: Bob Goodson
A 1031 exchange that starts near the end of a tax year will often run into the following tax year. The regulations address how to handle incomplete exchanges and cash...
Determining Replacement Property Basis in a 1031 Exchange
Posted: Thursday, August 24, 2023
Author: Bob Goodson
Taxpayers conducting tax-deferred 1031 exchanges must take great care to ensure that they are following the fundamental rules of the exchange, buying up in value and reinvesting all exchange proceeds...
What is a Like-Kind 1031 Exchange?
Posted: Thursday, May 11, 2023
Author: Bob Goodson
A 1031 exchange allows you to preserve wealth through reinvestment of “like-kind” property. Knowing some basic rules behind Internal Revenue Code 1031 can help investors defer paying capital gain tax...
Navigating a 1031 Exchange
Posted: Thursday, February 09, 2023
Author: Bob Goodson
Selling a farm or a ranch, like selling any business, often involves many different types of assets. The transaction may include equipment, livestock, water rights, crops, inventory, and, of course...
