Delaware Statutory Trust Tax Reporting Info

When considering selling your rental property and doing a 1031 exchange, your main purpose is the tax treatment. You are looking to defer your capital gains tax. But how how is the Delaware Statutory Trust Tax Reporting for your transaction treated. With the new tax change by the IRS, a DST 1031 exchange transaction is considered a 1031 exchange and your capital gains are deferred. In this article we will go over the Delaware Statutory Trust Tax Reporting and the tax treatment on the transaction, as well as how your yearly income on the DST is treated on your tax return, the depreciation on your current properties, and other Delaware Statutory Trust Tax Reporting topics. If you have further questions after reading this article, you can fill out the form below, or call our office directly and we would be happy to answer your questions directly for you! At Winthco Wealth Management we have a staff of CPA's that can help answer any of these Delaware Statutory Trust Tax Reporting questions from a tax treatment perspective. If you would like to visit the Winthco Wealth Management office in person, you can do so at - 1871 Tapo St. Simi Valley California 93063.

Delaware Statutory Trust Tax Reporting And Treatment Of Income 

When you sell your rental property and enter into a 1031 exchange or DST you receive monthly income. But how is this income and the Delaware Statutory Trust Tax Reporting treatment? When you receive your monthly income from your rental property, your income is reported on your schedule E section on your tax return. The Delaware Statutory Trust Tax Reporting for a DST is exactly the same. The income your receive monthly all gets reported to the IRS at the end of the year. You will receive a 1099 of your income and your CPA will report this income on your tax return on schedule E. That Delaware Statutory Trust Tax treatment will be taxed at ordinary income. You may have depreciated your rental property and executed a 1031 exchange into a DST. What is the Delaware Statutory Trust Tax Reporting on the depreciation? In the next paragraph we will cover the Delaware Statutory Trust Tax Reporting when it comes to depreciation. If you have further questions you can fill out the form below, or call our office directly and we can help answer your questions. We have a staff of experienced CPAs that can go over the Delaware Statutory Trust Tax Reporting questions directly for you! If you would like to visit the Winthco Wealth Management office in person about the DST tax reporting, you can do so at - 1871 Tapo St. Simi Valley California 93063.

Depreciation Delaware Statutory Trust Tax Reporting On Your Tax Return 

If you own a rental property with large capital gains and you are looking to do a 1031 exchange, you want to know the Delaware Statutory Trust Tax Reporting when it comes to depreciation on your tax return. In a 1031 exchange as well as DST 1031 exchange the Delaware Statutory Trust Tax Reporting treatment on your depreciation gets carried over. You can continue to depreciate your new property or the DST properties. If your real estate is fully depreciated, then the basis gets carried over to the new property. For a CPA this is a very common transaction. If you are executing a 1031 exchange DST your CPA may have many questions on the transaction and depreciation schedule. If you or your CPA have questions when it comes to the Delaware Statutory Trust Tax treatment when it comes to depreciation, our CPA's will work with you and or your CPA to help you with the figures. If you have further questions when it comes to Delaware Statutory Trust Tax Reporting, please fill out the form below and one of our staff members will be happy to assist you. If you wish to speak to someone directly, you can fill out the form below, or call our office directly and we will help answer your questions. If you would like to visit the Winthco Wealth Management office in person about the Delaware Statutory Trust tax reporting, you can do so at - 1871 Tapo St. Simi Valley California 93063.

Capital Gains Deferral Delaware Statutory Trust Tax Reporting

The main use for the DST 1031 exchange is to defer the capital gains tax on the sale of your property. This is a very simple procedure when it comes to your tax return. You also have options when it comes to selling your rental property. If you wish to take cash, or you have boot in your transaction, you recognize boot the extent received. The Delaware Statutory Trust Tax Reporting will recognize the amount of cash you take on the proceeds and the tax treatment on those proceeds are taxed at the capital gains rate. for example, if you sell a property for $5m and wish to take $1m in cash, you will be taxed on the $1m only. You need to include the cost basis into this equation, but your CPA can help run a tax projection this quite easily. If this is something your CPA cannot do for you, our staff of CPA's would  be happy to run a tax projection on the boot or cash that is recognized. If you have other questions regarding Delaware Statutory Trust Tax Reporting, please fill out the form below or call our office directly and our staff can assist you with your questions. We have CPA's on staff that are ready to answer these questions in a timely manner for you! If you would like to visit the Winthco Wealth Management office in person, you can do so at - 1871 Tapo St. Simi Valley California 93063.

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This website is neither an offer to sell nor a solicitation of an offer to buy any security which can be made only by a prospectus, or offering memorandum, which has been filed or registered with appropriate state and federal regulatory agencies, and sold only by broker dealers and registered investment advisors authorized to do so.

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