Steven W.'s Blog

Short Sales and the 1031 Exchange The question was asked of me, "can I exchange into a short sale property".  The easy answer is YES!  Of course there are a lot of what ifs with that answer. First is both the lender and seller must agree to the terms of the sale. That seems easy however nothing e...

Concise Overview of 1031 Exchanges - Series IConcise 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 ...

Coming up on 40,000 Active Rain Points I've been on Active Rain for about a year now, and I'm closing in on 40,000 points.  I want to thank everyone who has helped me get there, but commenting on my blogs, making contact with me for additional information, and for helping me when I had a problem....

What is Qualified Use in 1031 ExchangesQualified 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. ...

What is Qualified Use in 1031 Exchangesthis is one of the most common questions i get about 1031 exchanges "does my property qualify for 1031 exchange consideration"Qualified Use Property Your relinquished property must have been held by you for rental, investment or use in your business. And, yo...

1031 Exchange into a 721 or an upREITPlease review to gain additional knowledge contact me.Section 721 - Exchange of Property Into A Real Estate Investment Trust (REIT)Section 721 of the Internal Revenue Code ("721 Exchange") allows you to exchange your rental or investment real estate for shares...

Local Knowledge, NationwideFresno 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.  ...

1032 Exchange, What is it?Section 1032 - Exchange of Corporation Stock for PropertySection 1032 of the Internal Revenue Code ("1032 Exchange") provides that no gain or loss shall be recognized to a corporation on the receipt of money or other property in exchange for stock (including treasury sto...

1031 or 1033 exchange questionsIf anyone has 1031 or 1033 exchange questions please let me know.  My company focuses on the more difficult exchange issues.  I'm a local QI in the San Joaquin area, my company has local investors, local office and local banking relationship to deposit clients excha...

Section 1031 - 1031 Exchange of Property Held for InvestmentSection 1031 of the Internal Revenue Code ("1031 exchange") provides that property held as rental or investment property or property used in your business ("relinquished property") can be exchanged for "like-kind" property also held as r...