What is ARTE - AI Real Estate Tax Expert and Research Assistant Chatbot?
ARTE is an AI-driven platform that provides instant and accurate tax and accounting answers, serving as a free AI tax research assistant. Trained on 8,000+ pages of relevant US tax law, ARTE outperforms human CPAs by 22%+ in benchmark CPA Exam tests.
Features of ARTE
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Trained on 8,000+ research documents: ARTE's knowledge base is built on a vast array of tax law documents, ensuring accurate and reliable answers.
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Outscores human CPAs by 22%+: ARTE's performance has been benchmarked against human CPAs, demonstrating its superior accuracy and speed.
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Powered by OpenAI GPT-4o: ARTE leverages the power of OpenAI's GPT-4o technology to provide fast and accurate answers to complex tax questions.
How to Use ARTE
ARTE is designed to provide users with instant answers to their tax questions. Simply ask a question, and ARTE will provide a researched answer, often citing multiple sources to support its response.
Can I Rely on ARTE for Complex Tax Questions?
Yes, ARTE is capable of handling complex tax questions, including those related to 1031 exchanges, property ownership, and tax code regulations. With its vast knowledge base and advanced AI technology, ARTE provides accurate and reliable answers to support your tax research needs.
Helpful Tips for Using ARTE
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Ask specific questions: ARTE is designed to provide accurate answers to specific tax questions, so be sure to ask clear and concise questions.
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Review sources: ARTE provides sources to support its answers, allowing you to further research and verify the information.
Frequently Asked Questions
How does a 1031 exchange work?
A 1031 exchange is a tax-deferred exchange that allows individuals to defer capital gains taxes on the sale of a property by reinvesting the proceeds in a similar property.
What is a Reverse 1031 exchange?
A Reverse 1031 exchange is a type of exchange where the replacement property is acquired before the relinquished property is sold.
How long do you have to complete a 1031 exchange?
The IRS allows a 180-day window to complete a 1031 exchange, starting from the date the relinquished property is sold.
Can I perform a 1031 exchange on an inherited property?
Yes, inherited properties can be used in a 1031 exchange, but there are specific rules and regulations that apply.
How soon can I sell a property after I complete a 1031 exchange?
The IRS has specific rules regarding the sale of a property after a 1031 exchange, and the timing of the sale can impact the tax implications.