Steven W.'s Blog

By
Services for Real Estate Pros - Exeter 1031 Exchange Services
RECENT BLOG POSTS
1031 Exchange StructuresThe most common 1031 exchange structure is a forward, or delayed, 1031 exchange where you sell your relinquished property first and then acquire your like-kind replacement properties within the prescribed 1031 exchange deadlines.  A reverse 1031 exchange allows you to acqu...
03/01/2008
Like Kind Property RequirementThere is a lot of misinformation regarding what constitutes like-kind replacement property.  It is not true that if you sell a condo you must acquire a condo, etc.  As long as your relinquished and replacement properties meet the qualified use requirement discussed a...
03/01/2008
Reinvesting or Replacing Your Investment Values You must acquire one or more like-kind replacement properties that are equal to or greater in net purchase value than the net sales value of the relinquished property you sold.  You must reinvest all of your net cash proceeds from the sale of the re...
03/01/2008
Concise Overview of 1031 ExchangesThe 1031 Exchange may not always be the right or best solution for your specific situation, so you should consider whether other tax deferral or tax exclusion strategies might be more appropriate and you should always consult with your legal, tax and financial ad...
03/01/2008
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...
02/23/2008
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...
02/23/2008
0 Comments
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 ...
02/20/2008
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, ...
02/20/2008
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...
02/20/2008
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 ...
02/13/2008
Rainer
48,893

Steven W. Monk

V. P., 1031 Exchange Expert
local_phone(559) 221-2517
smartphone(559) 307-5091
Contact The Author