Walton Liu

KupunaWiki Team Real Estate 2 Comments

Walton Liu was born and raised in Kalihi, Hawaii. After graduating from Farrington High School, he went on to attend the University of Hawaii at Manoa earning a degree in accounting. He then passed the CPA exam and worked as a CPA for a few years before deciding to attend UC Davis in Northern California for Law. He then continued on to get a Masters Degree in Tax Law degree from George Washington University in Washington D.C.. He then moved back home to Hawaii and began practicing Law.

Summary of Services:

  • Specializes in 1031 Exchanges
  • Consultation of strategizing a 1031 exchange & legal documents for clients.
  • With a background of being a former CPA, looks into ways on how to plan and best help clients through 1031 exchange.
  • Assists in 1031 exchange to help buy and replace property.

Contact Information:
Walton Liu Attorney at Law
(808) 384-1031
[email protected]

About the Author

KupunaWiki Team

Comments 2

  1. Lois Agena

    Aloha Kupuna Wiki Team,
    I’m a real estate agent with Century 21-Paradise Int’l. in Aiea. My broker recommended Mr. Liu for client advice.
    My client is an 86 year old widow living in her Kapahulu home with 2 separate rental units on the same property. She plans to sell her home to provide her with enough assets to take care of her living expenses as she would like to move to the Hawaii Kai Senior Community. Market value for her property is approx. $1.5M. Wondering what her capital gains impact would be with her proceeds. Also, she would like to purchase 2 studio condos for her adult (unmarried) children who are currently living with her. Wondering if she should purchase these 2 condos with her name on title or her children? Apologies for all the questions……this is a bit complex and I would like to put her on an appropriate track.
    Much Mahalo!
    Lois

    1. Post
      Author
      KupunaWiki Team

      Hi Louis, Thank you for providing this question. A 1031 exchange would be a means of deferring a portion of capital gains tax based on based the purchase price of those two studio condos and it would require the name of the current owner for the Kapahulu home to also be the owner on those two studio condos. The portion of the gain which is not being deferred would be taxable. Walton Liu ([email protected] ) will be able to assist you with this 1031 exchange process and your comments were forwarded to him. Determining the tax liability would require your client to consult with her tax advisor because it will require an understanding of her current income.

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