I’ve been advised not to change my ID letter after 45 days. What is the big deal?
Since the letter isn’t sent to the IRS, how would they ever know that we swapped it for another one later? You received good advice.
July 29, 2019
Since the letter isn’t sent to the IRS, how would they ever know that we swapped it for another one later? You received good advice.
When it comes to qualifying for a 1031 exchange, not all investment property is created equal. IRS Code Section 1031 allows the exchange of property
Yes, both are “like-kind.” However, land is not a depreciable asset, so be aware that you will trigger some tax consequence on the recapture of
You can. There is no requirement that you identify property to your QI before you submit a contract, though we recommend that you insert 1031
When considering a 1031 exchange on the sale of timberland, there are a number of factors that need to be examined. Timber transactions may vary
There are other types of property that can be fractionalized besides traditional real estate that still work in the context of a 1031 exchange. With
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