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 deal was part of a tax-deferred exchange
after the Parke family sold a 120-acre residential tract in west Little Rock several months ago for $2 million.
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.
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.
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
78 million tax-deferred exchange
deal ("Whispers," Jan.
Reverse exchanges provide an opportunity for investors to "warehouse" acquired properties, reserving the right to match them with other properties they may sell within the time limits for a tax-deferred exchange
An 18,000-SF warehouse in east Little Rock delivered a $722,000 transaction as part of a tax-deferred exchange