The Internal Revenue Service (IRS) places a number of requirements on transactions to be considered a qualified Section 1031 tax-deferred exchange
The time constraints required for the tax-deferred exchange
, combined with the lack of planning, led him into a poor real estate purchase.
1031 like-kind tax-deferred exchange
to the rental property and acquire a suitable new property, with the intention of renting it first for a short period and then converting it to a principal residence.
The proceeds from that sale, after expenses, were used to acquire the self-storage properties in a tax-deferred exchange
Headquartered in San Francisco, we have Business Development representatives in locations across California, and this allows Churchill Exchange to expand in areas where there is a high degree of investment opportunity and use of the 1031 tax-deferred exchange
Simply put, while a 1031 Exchange must always be a like-kind exchange, it is a mistake to think that it is a tax-free exchange; rather, it is a tax-deferred exchange
Many tax professionals misunderstood the rules governing IRC section 1031 tax-deferred exchange
transactions between related parties.
An 18,000-SF warehouse in east Little Rock delivered a $722,000 transaction as part of a tax-deferred exchange
Audit Confirms Company's Financial Process Controls and Technological Capabilities to Deliver Comprehensive Security and Transparency to the 1031 Tax-Deferred Exchange
When they approached the family partnership that owned the property, they indicated a potential interest in selling--provided that they could effect a1031 tax-deferred exchange
through the purchase of a secure investment in New York City.
Roberts, the company's CEO, stated: "When we sold Crestmark in July 2001, my goal was to redeploy the net cash proceeds from the sale of Crestmark into a new property as part of a Section 1031 tax-deferred exchange
in order to create capital appreciation.
If the taxpayer cannot locate an ideal replacement quickly, he or she may not be able to comply with the 45-day identification rule necessary to complete a tax-deferred exchange