Debbie Baum | REBNY Legal Question
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REBNY Legal Question

Legal Line Question: Unsold Shares

Question What are the characteristics of Unsold Shares in a cooperative housing corporation and who may be considered a Holder of Unsold Shares? Answer Unsold Shares in a cooperative housing corporation (a “Co-op”) are shares in a Co-op that, from the time of the conversion…

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17 May 2018 Posted by Debbie Baum in REBNY Legal Question no comments

1031 Exchanges Under the New Tax Laws

Question What affect has the recently passed Tax Cuts and Jobs Act had on 1031 Exchanges? Answer The recently passed Tax Cuts and Jobs Act has preserved 1031 exchanges for real property but has completely eliminated 1031 exchanges for personal property. Under the new law,…

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22 Mar 2018 Posted by Debbie Baum in REBNY Legal Question no comments