Oct 9, 2017
Speaker: James A. Schmidt
Description: The IRS has rules that apply to and define Tenant in
Common ownership structures. Whether or not a TIC complies with
these rules, and would not otherwise be deemed to be a partnership,
can have significant consequences for real estate investments,
especially those that seek to take advantage of Section 1031
exchanges. This program will cover the Revenue Procedure and some
of the commentary that has been written about those rules.
Materials available here: http://floridataxlawyers.org/wp-content/uploads/2015/03/James-Schmidt-Esq.-Outline-for-Tax-Considerations-for-Tenancy-in-Common....pdf
Nothing in this podcast is legal advice. Please seek counsel of your own choosing before making decisions that may impact you or your business.