Tenants In Common Insights
Whether you are a first-time homebuyer, a seasoned real estate investor, or a legal professional, our website is designed to provide you with valuable insights, expert advice, and up-to-date news on TIC ownership. If you’re a property owner or are considering purchasing property with others, it’s important to understand how tenancy in common works and what it means for you. This type of ownership allows multiple individuals to own a piece of property together, with each person having a distinct share or interest in the property.
Here you’ll find a wealth of information and insights about tenancy in common, including the legal aspects of this arrangement, how it differs from other forms of property ownership, and the potential benefits and drawbacks of using tenancy in common. We also provide the latest news and updates related to tenancy in common, including changes in laws and regulations that may affect your ownership rights. We’re here to help you stay informed and up-to-date on all things tenants in common.
Advisory Board Analysis (rev proc 2002-22)
Rev Proc 2002-22 Introduction With the publication of Rev. Proc. 2002-22 (1), many practitioners and government attorneys thought that the IRS would be deluged with ruling requests from promoters, syndicators, and individual taxpayers who wanted…...
Tax Briefs & TICs
IRS Expands Replacement Property in 1031 Exchanges The IRS released revenue procedure 2002-22 in March to address the use of fractional ownership interests as replacement property in IRC section 1031 exchanges. Commonly referred to as…...
TIC: A boost from the IRS
Tax-Deferred Exchanges and Tenancy-In-Common Any experienced real estate investor or lawyer knows that there can always be “a slip from the cup to the lip” when trying to close a real estate purchase transaction. Problems…...
Update on Use of Limited Liability Companies for Real Estate Ownership
The Virginia Limited Liability Company Act (the “Act”) permits limited liability companies (“LLC”) to have single members which provide a number of exciting planning possibilities for real estate owners, including the ability to hold multiple…...
TIC’s: Another Payoff From Real Estate?
More people are using TIC’s option to defer taxes on investments. The strong real estate market in many areas of the country may be one reason that interest seems to be growing in 1031 exchanges,…...
Real Estate Investing: Current Commercial Trends
Commercial real estate has seen an influx of billions of dollars across the board for the very same reason sales of residential real estate have increased along with the mean asking price, lower interest rates,…...
1031 TIC: 1031 Exchangors Test the Waters
National Real Estate Investor It’s an understatement to say that the 1031 exchange has become a driving force in commercial real estate sales transactions. On the West Coast, an estimated 80% of all deals involve…...
Tenancy In Common Offers Investment Benefits
Investments in tenancy-in-common interests in real estate have been exploding. While TIC investments provide significant benefits, including preserving the ability to dispose of or acquire such properties as part of a Section 1031 tax-free exchange,…...
Taxing Complications Sorting Out Tax-Deferred Exchanges For Tenants In Common
In recent years, many taxpayers and their counsel have become increasingly aware of the benefits of an IRC 1031 tax-deferred exchange. Properly structured, a tax-deferred exchange allows a taxpayer to defer the capital gain tax…...