Section 1031 allows an investor to sell one business asset or investment, and then reinvest the proceeds from the sale of the asset in the purchase of a new asset of like-kind to defer capital gains taxes. One common question is whether a 1031 exchange can be executed on properties purchased with the intent of being fixed and resold, or ‘flipped.’
Read More
When purchasing and obtaining rental real estate with the purpose of operating as a rental with other people, the issue of forming a business entity or not should be considered.
Read MoreAt Hymel & Ready, our mission is to provide timely and accurate information so you can make the right decisions today to grow and sustain your business tomorrow. We are committed to helping our clients find new and creative ways to solve their most difficult challenges by concentrating on issues such as investing in growth, driving efficiency, managing risk, and meeting compliance requirements.
900 Camp Street, Suite 452
New Orleans, LA 70130
T 504.598.5245
F 504.322.3915
E info@hymelcpas.com
9527 Jefferson Highway
River Ridge, LA 70123
T 504.738.5490
F 504.738.3202
E info@hymelcpas.com
1131 N. Causeway Blvd., Suite 203
Mandeville, LA 70471
T 985.590.2402
F 504.322.3915
E info@hymelcpas.com
©2021 Hymel & Ready, apac. All Rights Reserved.
