Converting 1031 Exchange Property into your Personal Residence
Taxpayers are always looking for a way to avoid paying taxes. The 1031 Exchange is a wonderful way to DEFER your taxes, but it does not eliminate them.
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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.
Must I Hire a Qualified Intermediary for a 1031 Exchange?
Must I Hire a Qualified Intermediary for a 1031 Exchange?
Read moreHow FIRPTA affects a 1031 Exchange
It is commonly believed that the FIRPTA can be deferred by doing a 1031 Exchange. This is not correct.
Read moreDeferring Depreciation Recapture with a 1031 Exchange
It is common knowledge that a taxpayer can defer their federal and state capital gains by performing a 1031 Exchange. But many taxpayers forget that they will also defer their recapture of depreciation if handled properly.
Read moreExtensions for 1031 Exchanges
For a taxpayer to qualify for the extension, they must meet the following requirements...
Read moreCarrying Back a Note in a 1031 Exchange
There are primarily three options when a seller wished to take advantage of the 1031 Exchange and still carry back a note for the buyer.
Read moreCommon Pitfalls in a 1031 Exchange
As we transition from spring to summer, 1031 exchange transactions normally increase in popularity. So, what do you need to do to avoid any issues?
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