Mentioned in
?
References in periodicals archive
?
While 1031 exchanges permits the sale of relinquished property anywhere in the U.S.
1031 30,000 No gain recognized because boot did not exceed total amount of the gain Basis in replacement property Basis in relinquished property 190,000 Gain excluded under Sec.
Investors (exchangers) may sell investment property without paying capital gains tax if they replace relinquished property with like-kind investment property.
With the delayed method, a taxpayer first sells the so-called relinquished property and then acquires a replacement property within 180 days.
Surprisingly, some savvy real estate investors may not be aware of the requirement that both the relinquished property being sold and the replacement property being purchased must be "held for investment or productive use in a trade or business".
In a deferred like-kind exchange, a taxpayer is bound by certain time limits in which to complete an exchange, including the requirement that the replacement property generally must be received within 180 days of the disposition of the relinquished property or, in the case of a reverse exchange, the "parked" property must be transferred to the taxpayer as replacement property within 180 days after the accommodation party acquires title of the parked property; see Sec.
Investors can use reverse construction exchanges when they have to buy the lot before they sell the relinquished property.
An SLC can provide security protection against failure by another party to comply with the two statutory time periods that apply to all IRC section 1031 exchanges: 1) replacement property must be identified within 45 days of transfer of the relinquished property and 2) replacement property must be delivered by the earlier of 180 days after transfer of the relinquished property or the due date of the return for the year the relinquished property was transferred.
The basics of a 1031 exchange are that the investor must identify the properly (could be multiple) that it intends to purchase within 45 days from the date of the sale of its investment property (relinquished property) and close on that property (replacement property) within 180 days from the date of the sale of the relinquished property.
The taxpayer was allowed to offset the boot arising from the relief of liabilities on the relinquished property with the new mortgage incurred on the replacement property.
The proposed regulations do not address the so-called reversed-Starker situation, where the seller acquires replacement property before locating a buyer for the relinquished property. The IRS has asked for comments on these transactions but has not yet decided what treatment is appropriate.
The purchaser's relinquished property was exclusively sold by Barbara Dansker and Matt Fotis of Marcus & Millichap Manhattan.
Financial browser
?
- ▲
- relationship trading
- Relative form of purchasing power parity
- Relative PE
- Relative purchasing power parity
- Relative Return
- relative strength
- Relative strength index
- relative strength indicator
- Relative value
- Relative yield
- Relative yield spread
- relative-income hypothesis
- relativities
- Release
- release clause
- release of lien
- Release on Recognizance
- relevant cash flows
- Relevant Costs
- reliability
- reliction
- Relief
- Relief Printing
- Relief Rally
- Religious Land Use and Institutionalized Persons Act of 2000
- relinquished property
- Reliquify
- Reload Option
- Reload Stock Option
- Reloading
- relocation clause
- relocation exception
- relocation network
- relocation service
- remainder
- Remainder Man
- remainderman
- remaining balance
- remaining economic life
- Remaining maturity
- Remaining principal balance
- remaining term
- remargin
- Remargining
- remarketed preferred stock
- Rembrandt Bond
- Rembrandt market
- remedial action plan
- remediation
- Remen
- REMF
- ▼
Full browser
?
- ▲
- relinquish your grasp over
- relinquish your hold on
- relinquish your hold over
- relinquished
- relinquished
- relinquished
- relinquished control
- relinquished control over
- relinquished control over to
- relinquished grasp on
- relinquished grasp over
- relinquished his grasp on
- relinquished his grasp over
- relinquished his hold on
- relinquished his hold over
- relinquished hold on
- relinquished hold over
- relinquished it to
- relinquished my grasp on
- relinquished my grasp over
- relinquished my hold on
- relinquished my hold over
- relinquished one's grasp on
- relinquished one's grasp over
- relinquished one's hold on
- relinquished one's hold over
- relinquished our grasp on
- relinquished our grasp over
- relinquished our hold on
- relinquished our hold over
- relinquished property
- relinquished someone's grasp on
- relinquished someone's grasp over
- relinquished someone's hold on
- relinquished someone's hold over
- relinquished something to
- relinquished their grasp on
- relinquished their grasp over
- relinquished their hold on
- relinquished their hold over
- relinquished to
- relinquished your grasp on
- relinquished your grasp over
- relinquished your hold on
- relinquished your hold over
- relinquishedly
- relinquisher
- relinquisher
- relinquishes
- relinquishes
- relinquishes control
- relinquishes control over
- relinquishes control over to
- relinquishes grasp on
- relinquishes grasp over
- relinquishes his grasp on
- relinquishes his grasp over
- relinquishes his hold on
- relinquishes his hold over
- relinquishes hold on
- relinquishes hold over
- ▼