Adelphia Recovery Trust Provides Federal Income Tax Information for 2020
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WILMINGTON, Del., Jan. 21, 2021 /PRNewswire/ The Adelphia Recovery Trust ( ART ) announced today that its short period ending October 31, 2020 final Federal income tax return is expected to be filed on or before February 15, 2021. The ART Declaration of Trust and the Adelphia Plan of Reorganization require the ART to provide annual Federal income tax information to holders of beneficial interests in the ART. The ART s letter to beneficiaries concerning the 2020 federal income tax information is available in the Important Documents-Adelphia Recovery Trust section of Adelphia s website at
final IRS like-kind exchange regulations adopt some comments (Winners), reject some comments (Losers), and do not consider some comments because they are beyond the scope of the regulation project (Punts).
Regulations are needed because the 2017 Tax Cut and Jobs Act (TCJA, also called the Tax Act) limited like-kind exchanges occurring after 2017 to “real property held for productive use in a trade or business or investment.” IRC § 1031 does not define the term “real property.” The main purpose of the regulations has been to define the term “real property,” especially with regard to the
exchange of personal property (including fixtures) and intangible property that are often part of a real property transaction. The regulations attempt to provide some clarity as to what will be treated as part of the real property and subject to like-kind exchange treatment, rather than non-like-kind property subject to the gain recognition rules of IRC § 1031(b). As expected, this has
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LOS ANGELES, Dec. 22, 2020 (GLOBE NEWSWIRE) Kay Properties is proud to announce the successful completion of a family s 36-million-dollar 1031 exchange diversified into 15 Delaware Statutory Trusts.
Chay Lapin commented, At Kay Properties we have specialized in providing a far higher level of DST investing services than found at typical providers of DSTs. We specialize in DST investments thereby allowing us to provide full-service resources for our clients as they are going through their 1031 exchange situation and consideration of DST properties. As always, working with our many high-net-worth investors, there are a lot of moving parts. Kay Properties has a full team behind our clients that provides them with much needed resources for their 1031 exchanges into DSTs such as our 1031 investor marketplace at www.kpi1031.com, 1031 DST educational process, DST property due diligence, mystery shopping each DST property, transaction coordination and our Kay internal investo
Economic Impact of Repealing Like-Kind Exchange Rules Sera Capital works in the Delaware Statutory Trust (DST) or 1031 exchange space as a Registered Investment Advisor as well as an investment fiduciary.
BriefingWire.com, 12/18/2020 - (December 19, 2020): Since the enactment of the Tax and Jobs Act in 2017, pundits have commented on its economic consequences. However, misconceptions continue to enter the conversation around like-kind exchanges. This is probably due to a lack of understanding regarding the rules found in Section 1031 of the Internal Revenue Code. The like-kind provision enables taxpayers to defer paying some taxes when they exchange an investment or business property for another investment property of equal or greater value, instead of using the cash for other purposes. The provision, which addresses the payment timing instead of tax forgiveness, has been part of almost a century s federal tax code. The question