1031 Exchange Expert: Qualified Intermediary, 1031 Exchanges, Accommodator, California and the U.S., etc., etc,

PERSONAL PROPERTY EXCHANGES "PLANES, TRAINS AND AUTOMOBILES" PERSONAL PROPERTY EXCHANGES  Internal Revenue Code Section 1031 allows investors to exchange either like-kind real or personal property for other like-kind real or personal property. Although the rules for like-kind real estate are fair...

PROPERTY HELD FOR SALE "FACTORS THE IRS MAY EXAMINE" In the previous post we addressed the definition of like-kind property. In this post we will examine two of the exclusions (property that most likely will not qualify as investment property) under section 1031. Real estate held as "stock in tra...

LIKE-KIND PROPERTY "WHAT IS CONSIDERED LIKE-KIND PROPERTY?" Last week, an issue was raised in a previous post that reminded me that the definition of like-kind property is one of the most commonly misunderstood areas of section 1031. Many people mistakenly believe that the replacement property mu...

In the last post, we looked at the title of 1031 and what "nonrecognition" means. Below we will look at the general description of a 1031 exchange as it is outlined in the tax code.Remember, this is for educational purposes only. This is not tax or legal advice. All specific legal applications sh...

In the last post we actually reviewed the text of IRC Section 1031. In this post we will look at what the provisions of the section mean. We will be looking at the title line first.  Remember, this is for educational purposes only. Any specific circumstances regarding an individual exchange shoul...

Many people misunderstand section 1031. They think it sounds too good to be true. Why would the IRS let us defer our capital gain tax on the sale of our investment property? It must be a loophole and all those people out there are getting away with something.Section 1031 is not a loophole. It has...

LIKE-KIND PROPERTY: Any property used for productive use in trade or business or held for investment; both the relinquished and replacement properties must be considered "like-kind" to qualify for tax deferral. MORTGAGE BOOT: This occurs when the Exchanger does not acquire debt that is equal to o...

The unique terminology used by 1031 exchangers and their tax advisors. BOOT: "Non like-kind" property; Taxable to the extent there is capital gain. "Like-Kind" property is property held for productive use in a trade or business or for investment." Rule of thumb if "real property is sold" then "re...

Are you working with accountant and other tax and legal professionals who are looking for a comprehensive body of research that covers all aspects of 1031 exchanges and related transactions?Their search has ended! Asset Preservation, Inc. is proud to introduce after investing substantial time and...

It is important to understand that Qualified Intermediaries "QI" are specifically disqualified under the tax code from giving taxpayers tax and legal advice regarding their potential exchange transaction. So What Constitutes Tax or Legal Advice?Any time an agent or a QI tells a client they should...