Reverse Exchange Strategies – It’s All About Time
Most investors know that in order to complete a successful 1031 exchange, they sell their relinquished property and have 180 days to buy the replacement property. What can be done when the perfect replacement property is found and must be acquired before the existing property can be sold? Must all the benefits of a 1031 […]
Tick-Tock: Minding the Clock in 1031 Exchanges
One of the most common questions we hear is “How long must I own a property before I can do at 1031 exchange?” Unfortunately, this is a pivotal question that cannot be answered simply. Section 1031 of the Internal Revenue Code states that property qualified for an exchange must be “held for investment or used in a […]
Successful 1031 Strategies for Transitions: Marriage, Death & Divorce
Few events do more to change a person’s course in life than marriage, death or divorce. Issues can arise when one of these events comes up in the middle of a 1031, determining its success or failure. Thankfully, as blessed or as difficult as circumstances surrounding these life changes can be, through careful tax planning, […]
Take Action – Help Protect 1031
Take Action- Help Protect 1031 Many of you may be aware the White House is proposing to cap 1031 at $500,000.00 of gain deferral. Over the decades, the Executive Branch has asked Congress for changes in a variety of tax policy areas. Sometimes Congress agrees and makes changes and sometimes not. It is important to remember […]