Steven Monk's (smonkmadera) Blog

Qualified Use Property   Your relinquished property (sale) and your like-kind replacement property (purchase) must be held for rental or investment or used in your trade or business in order to qualify for 1031 exchange treatment.  You must have the intent to hold the properties for investment.  ...

Qualified Use Property   Your relinquished property (sale) and your like-kind replacement property (purchase) must be held for rental or investment or used in your trade or business in order to qualify for 1031 exchange treatment.  You must have the intent to hold the properties for investment.  ...

Build-to-Suit (Improvement or Construction) 1031 Exchange  Your 1031 exchange proceeds from the sale of your relinquished property are used to acquire like-kind replacement property and using some of the 1031 exchange funds to improve the replacement property.  Personal property 1031 Exchange  Pe...

Forward or Delayed 1031 Exchange  You close on your relinquished property first and subsequently purchase your like-kind replacement property within the prescribed deadlines.Reverse 1031 Exchange  The like-kind replacement property is acquired and "parked" by the 1031 exchange Qualified Intermedi...

Reverse 1031 Exchange  The like-kind replacement property is acquired and "parked" by the 1031 exchange Qualified Intermediary ("QI") first and then the relinquished property is subsequently sold within the prescribed 1031 exchange deadlines.  EXETER 1031 EXCHANGE SERVICES, LLCSteven W. MonkVice ...

Simultaneous or Concurrent 1031 Exchange  The relinquished property and the like-kind replacement property close at the same time in a simultaneous 1031 exchange.  Forward or Delayed 1031 Exchange  You close on your relinquished property first and subsequently purchase your like-kind replacement ...

Depreciation Recapture You may be required to "recapture" the depreciation deducted by you on your real estate investment property upon the disposition (sale) of the investment property.  This means that you may have to recapture or add back into your taxable income the amount of depreciation tak...

Depreciation Recapture You may be required to "recapture" the depreciation deducted by you on your real estate investment property upon the disposition (sale) of the investment property.  This means that you may have to recapture or add back into your taxable income the amount of depreciation tak...