Can you sell your investment property in a 1031 exchange for a beach house, or a cabin on a lake? The 1031 exchange requires the replacement property to be held for “investment purposes.”…

For many investors this will be the second leg of their property exchange, the first being relinquishing their initial property (if they are doing another type of exchange the order could be different). 

The IRS has issued various private letter rulings over time that has developed interpretation structure for a host of issues surrounding the 1031 exchange.

Can you sell your investment property in a 1031 exchange for a beach house, or a cabin on a lake? The 1031 exchange requires the replacement property to be held for “investment purposes.”…

RC section 1031 allows investors to exchange investment property and defer capital gains tax. One of the exchange structures is called an “Improvement Exchange”…

We had engaged a client in a conventional The Facts On August 1, 2014, we received a call from the exchange department of a national banking association…

Internal Revenue Code section 1031 allows a business owner or real estate investor to sell/relinquish existing property and acquire a new property as a replacement while deferring tax on the profit of the sale of the sold property…

A Qualified Intermediary (QI) is a third party to the transaction whose function is to prepare the documents necessary to create the exchange, as well as to act as the escrow agent for the exchange funds…

The IRC Section 1031 requires that taxpayers acquire all replacement property by the earlier of 180 days from the sale of the relinquished property or their federal tax return due date for the year in which the exchange commenced…