Exchanges That Start Later in the Year
For Exchanges that start later in the year, here are some options that are worth considering. Always check with your tax advisor to make sure that you are in compliance.
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As your Qualified Intermediary, we make it our job to keep you in the know on all things 1031 Exchange. For recent news and industry updates, look no further.
Wildfire Impact Felt Across Nevada and Other Western States: Effects on 1031 Exchanges
Nevada has experienced 138 wildfires so far this year, making it the most extreme and devastating wildfire season on record. With these and other weather events, it is a good time to review how the federal government provides for extensions to 1031 Exchanges when a Federally Declared Disaster Area is issued.
Read moreThe Same Taxpayer Rule in a 1031 Exchange: A Critical Requirement for Tax Deferral
A tax-deferred like-kind exchange under Internal Revenue Code Section 1031 is one of the most powerful tools available for preserving capital and building long-term wealth.
Read moreWhen is someone disqualified from being your Qualified Intermediary?
Did you know that in some situations, a person cannot act as a Qualified Intermediary (QI) for your transaction?
Read moreCan I Flip Properties and Do 1031 Exchanges?
Flipping homes can be great for profit, but can you do a 1031 Exchange upon the sale of that property? The answer is no in most cases. Read on to understand why and what facts the IRS and your tax professional will review to see if a 1031 would qualify in your specific situation.
Read moreCommon Identification Mistakes in a 1031 Exchange
In a 1031 Exchange, you have a strict window of exactly 45 calendar days to identify your next investment or risk losing your entire tax deferral.
Read moreWhat 1031 Exchange Investors Need to Know About California’s “Claw-Back” Rule
Don’t let California’s “claw-back” rule catch you off guard. Discover how the state tracks deferred gains across state lines and why filing Form FTB 3840 is essential to maintaining your tax-deferred status.
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