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On March 15, 2013, the company acquired First Associations Bank, a Texas-chartered bank headquartered in Dallas, Texas. [10] On June 25, 2013, Pacific Premier Bancorp acquired San Diego Trust Bank. [11] [12] On November 18, 2013, the company acquired Infinity Franchise Holdings with a price estimated to be approximately $16 million. [13]
A 1031 exchange is a real estate transaction ... There are a number of scenarios where a 1031 exchange may not be the best path,” says Julie Baird of First American Exchange Company, a qualified ...
Section 1031(a) of the Internal Revenue Code (26 U.S.C. § 1031) states the recognition rules for realized gains (or losses) that arise as a result of an exchange of like-kind property held for productive use in trade or business or for investment. It states that none of the realized gain or loss will be recognized at the time of the exchange.
A like-kind exchange under United States tax law, also known as a 1031 exchange, is a transaction or series of transactions that allows for the disposal of an asset and the acquisition of another replacement asset without generating a current tax liability from the sale of the first asset. A like-kind exchange can involve the exchange of one ...
A 1031 exchange allows certain real estate investors to defer capital gains taxes when selling one investment property and reinvesting proceeds from the sale into another similar property. Taxes ...
Top companies in the San Diego metro area on the 2012 Inc. 5000 This page was last edited on 16 December 2024, at 00:06 (UTC). Text is available under the Creative ...
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