Steven W.'s Blog

Like-Kind Property Your relinquished and replacement properties must be like-kind to each other in order to qualify for 1031 exchange treatment. In regards to real estate, ANY type of real property is like-kind to ANY other type of real property, so long as the qualified use test referenced above...

Qualified Use Property Your relinquished property must have been held by you for rental, investment or use in your business. And, you must have the INTENT to HOLD your acquired like-kind replacement properties for rental, investment or use in your business. Property not held for rental, investmen...

Fresno and the San Joaquin Valley is growing steadily, but we're still a small community at heart.  People here like doing business with well-established local companies with solid reputations.  They look for those qualities in their legal, tax and financial advisors.  They deserve the same from ...

IRS Rev. Proc. 2008-16 on Safe Harbor for Like-Kind Exchange of Dwelling UnitIRC Section Section 1031 IRC Section Section 280A Document Date: February 15, 2008 This revenue procedure is scheduled to be published in Internal Revenue Bulletin 2008-10, dated March 10, 2008. Part III Administrative, ...

Rev. Proc. 2008-16:  Safe Harbor for Exchanges of Vacation Homes and Conversions to or from Personal ResidencesThis revenue procedure provides a safe harbor under which the IRS will not challenge whether a dwelling unit qualifies as property held for productive use in a trade or business or for i...

Foreclosure Rates in 2007 by City  Detroit city lead the nation last year with the highest foreclosure rate in 2007.  Reports had 4.9 percent of the households in the Detroit metro area were in some stage of foreclosure in 2007 -- 4.8 times the national average. The foreclosure rate represents a ...

Year-End Planning and 1031 Exchanges Are you currently in the middle of a 1031 exchange? There are special year-end considerations you should be aware of.  We encourage you to read on.  Year-End Tax Planning With Failed 1031 ExchangeFailed Tax-Deferred Exchange May Qualify for Installment Sale Tr...

 Sorry class is fullAn Invitation to discuss  Section 1031 ReverseTax-Deferred ExchangesDRE Credit Class  This is an intermediate level discussion on Section 1031 Tax-Deferred Like-Kind Exchange transactions.   Focusing on Forward, Reverse and even Build-to-Suit type exchanges as well as Tenant-I...

The Role of the Qualified Intermediary ("Accommodator")The use of a professional, experienced, institutional Qualified Intermediary, such as Exeter 1031 Exchange Services, LLC, is critical in the structuring and completion of a successful 1031 exchange transaction.  The Qualified Intermediary, of...

Fresno and the San Joaquin Valley is growing steadily, but we're still a small community at heart.  People here like doing business with well-established local companies with solid reputations.  They look for those qualities in their legal, tax and financial advisors.  They deserve the same from ...