The Security 1st Exchange difference
As we are now half-way through 2023, we want to share some of the comments we hear most from our clients here at Security 1st Exchange.
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As your Qualified Intermediary, we make it our job to keep you in the know on all things 1031 Exchange. For recent news and industry updates, look no further.
Selling a property as your Personal Residence and as an investment
Under Internal Revenue Code Section 121, a married couple can sell their personal residence and avoid paying taxes on up to $500,000 of the gain (or $250,000 for a single taxpayer).
Read moreWhen is a Qualified Intermediary disqualified from facilitating a 1031 Exchange
Did you know that in some situations, a person cannot act as a Qualified Intermediary (QI) for your transaction?
Read moreCommon Ways to Ruin your 1031 Exchange
Some rules in the 1031 Exchange are very grey, but there are some hard and fast rules to which you must adhere. Here are a few things you DO NOT want to do in your 1031 Exchange:
Read moreConsidering 1031 Exchange funds to purchase a rental for your college bound child to occupy?
As many of us are planning for our children heading off to college in the fall, many of us are considering various questions.
Read moreTell Congress to Preserve Section 1031
On March 9, 2023, President Biden released the details of his annual budget, and the proposal again includes a $500,000 cap on Section 1031.
Read moreDelaware Statutory Trusts: A Replacement Property Option for 1031 Exchangors
We all know that finding suitable replacement property for a 1031 Exchange can be challenging.
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