The IRS issued guidance Thursday evening to grant deadline relief for both 1031 like-kind exchanges and opportunity zone investments that are already underway. Both of these programs are designed to promote economic growth in communities, and NAR made the case that investors in these programs should not be harmed due to the effects of COVID-19. 1031 Like-kind exchanges. If an investor has taken the first step of a like-kind exchange by selling the old property, and either the 45-day or the 180-day deadline falls between April 1 and July 15, the deadline has been extended to July 15. Opportunity Zones. If an investor who sold a capital asset planned to roll over the gain into an Opportunity Fund and the 180-day deadline to do so falls between April 1 and July 15, 2020, he or she can make the investment as late as July 15. Also, sole proprietors who pay quarterly estimated taxes now have until July 15 to file their second quarter payment. As a result of an earlier IRS notice, first quarter estimated tax payments had already been extended to July 15. This means that any individual or corporation that has a quarterly estimated tax payment due on or after April 1, 2020, and before July 15, 2020, can wait until July 15 to make that payment, without penalty. NAR has advocated heavily for these extensions since the outbreak of the COVID-19 pandemic. We’ll have a full analysis of this announcement Friday on our dedicated coronavirus page.
This post sent from NAR, National Association OF Realtors. Hopefully this will answer someones questions.
I always love to post an image.
Take care and keep moving forward!
As always feel free to contact me. I love hearing from you!
I’m not saying anything about the c.v. I won’t give even the initials a capital. We’ve all heard enough.
Instead, I’d like to say Hello to all of the people at home working. I know it’s tough while I’m blessed to work from home it’s a big change. My husband the retired Air Force Veteran grew up cleaning and polishing. His mom “God bless her” was a Strong Polish lady with strict habits. This week while trying to work at my R.E. business. We moved furniture and cleaned rugs. He had cleaned windows and curtains last week. While I love the cleanliness I’m Happy I missed that choir.
As for me I’ve managed to sell a home just before we were grounded and rented a couple store’s.
By the way the buyer is getting 3.5% interest. People that are working in the R.E. field are working remotely. Stay safe and Believe!
Fell free to contact me with questions. PaulaZ@WatsonRealtyCorp.com
For those of you that live on the Treasure Coast, we know it’s all about the opportunity. We have a beautiful ocean only minutes away. We also have our parks, restaurants, shopping, schools and a wealth of beautiful weather.
Visit me at Watson Realty Corp, Vero Beach for all of your Real Estate needs.
Would you pull your own teeth??? Or how about sending a family member to the do it yourself dental office? I think not. That’s what you’re doing when you try to sell or buy a home on your own. Unless you’re in the profession of Real Estate. Marketing, showing, writing a contract, collecting Ernest Money and just talking to strangers that are looking for a bargain.
It’s not possible to do what I do at your skill level without the proper training it takes to understand all the nuances of the industry. I work in an age-old industry that has weathered ups and downs. The REALTOR® brand has been around for more than 100 years. The strategy is paramount in Real Estate sales.
Let’s make this a place to call home. AHHHHH!
Feel free to ask questions. I’m here for you’re Real Estate needs.
As I’m driving through the neighborhood looking at the homes, yards and the cars in the driveway. I’m thinking about the new home going up in between the existing homes. I thought to myself I wonder if the house next to the new one will look old and dirty or outdated? What will the owner think of the new house that looks intrusive, all that was there before was trees and shrubs.
Well, I believe it does. That takes me to the person getting ready to sell. The outside appearance is extremely important. When getting ready to sell and move on you do want top dollar, right? Here are a few tips that will catch the eye of the buyers coming up the drive;
pressure spray the driveway and sidewalk
pressure spray the front of the house
paint the outside if possible
make sure there is no trash out front
plants should be colorful and fresh
have the lawn mowed
Crisp, clean, warm and inviting. That’s the image that says come in and buy me.
As always contact me for all of your Real Estate needs.
I’ve heard this before, time is money I’m sure you have to. As we all work hard for our paychecks, we save, make investments, start a 4021K, etc. The sneakiest worst thing is when a person gets scammed out of the cash they have in the bank. I’ve just meat a lady that this happened to her 84-year-old mom. Yes, that’s right as the story goes.
Mom is home alone and this nice man approaches her and becomes her friend. Not only one time but over several months he conveniences her that they are friends and he’s just a little short. Mom goes alone and says I best tell my daughter. His response, oh we wouldn’t want her to worry, would we.? Of course, the mom who was a registered nurse helping people to many years says oh no, your right.
The daughter catches wind of the thief and turns him over to the authorities. Guess what, they can’t do anything. You know where this is going. My thoughts are with you, keep a close eye on each other. Don’t let a rotten thief steal from your pocket, your wallet, your home. Remind your friends, family, and co-workers to be on the lookout for scammers.
Don’t be afraid to turn them in. I personally don’t buy from a telemarketer. I stay with well know web sites and stay with professionals. Especially when the time comes to make a purchase.