Russell J. Gullo

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Russell J. Gullo, CCIM, CEA, of Buffalo, New York, is a Certified Exchange Advisor and President of R. J. Gullo & Co., Inc. and was the first inductee in the Exchangors Hall of Fame.

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The Required Steps for a Tax-Deferred Exchange Transaction Free Preview!
April 2009 | By Russell J. Gullo
As you know, it’s tax time again, so here is an overview on what steps are needed to execute a tax-deferred exchange transaction.
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Why a Deferred Exchange? Free Preview!
February 2009 | By Russell J. Gullo
Question: What is the primary benefit to taxpayers (sellers) of either income-producing or investment-held properties when using Section 1031 of the Internal Revenue Code? Answer: To defer bo...
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How to Pay No Taxes Free Preview!
November 2008 | By Russell J. Gullo
Even with Reverse Exchanges and Relinquished Properties before Replacement! A taxpayer (seller) of income producing or investment held property may want to structure his disposition as an exchange ...
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Exchange Away Your Taxes Free Preview!
October 2008 | By Russell J. Gullo
Although the 1997 Taxpayers Relief Act, created a Capital Gains treatment, it's one that's not very favorable to most people. If you own income-producing or investment real estate and are thinking ...
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The Basic Rules of a Deferred Exchange Free Preview!
February 2008 | By Russell J. Gullo
Today, if you own business (income-producing) or investment held property, and you are planning on disposing of the property by means of treating the transaction as a “sale”, you may be in...
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Exchanging for a Desirable But Unavailable Property Free Preview!
February 2007 | By Russell J. Gullo
We understand that a deferred exchange means nothing more then disposing of a relinquished property and using the pro­ceeds to acquire the replacement property through the use of a professional Qu...
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Misconceptions of Real Estate Exchanges Free Preview!
March 2007 | By Russell J. Gullo
Very often, owners (taxpayers) of business or investment held property go to their advi­sors with misconceptions about real estate exchanges. It is important to understand these misconceptions and...
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History of Tax-Deferred Exchanges Free Preview!
April 2007 | By Russell J. Gullo
When income taxes were first imposed in 1918, gain or loss recognition was required on all dispositions of property. Provision for nonrecognition of gain or loss on the exchange of property was introd...
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What Is a Parking Exchange? Free Preview!
May 2007 | By Russell J. Gullo
In the past, what’s called a reverse ex­change was dreaded by most professionals involved in the exchange arena and avoided at all costs. Today, individuals known as qualified intermediaries...
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How To Receive An Extra 180 Days When Performing An Exchange Free Preview!
June 2007 | By Russell J. Gullo
Under the following circumstances a seller of a business (income-producing property) or investment held property has the ability to pay no capital gains tax when disposing of his property. This is pos...
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Exchanging for a Desirable But Unavailable Property Free Preview!
July 2007 | By Russell J. Gullo
A “deferred exchange” means nothing more then disposing of a relinquished prop­erty and using the proceeds to acquire the replacement property through the use of a “professional ...
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Requirements of a Tenant in Common Exchange Free Preview!
August 2007 | By Russell J. Gullo
On March 19, 2002, the Internal Revenue Service issued Revenue Procedure 2002-22. This identified the requirements under which the Internal Revenue Service would consider a request for a rulin...
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