The IRS 1031 regulation (§1.1031(k)-1(j)) provides that if an exchanger receives 1031 escrow funds from the qualified intermediary at the end of the exchange, or if the exchanger had a bona fide intent to do an exchange but does not complete the exchange by receiving...
MARGO MCDONNELL CERTIFIED EXCHANGE SPECIALIST® PERPETUAL AWARD PRESENTED TO WILLIAM ‘BILL’ HORAN, CES®AT NATIONAL CONFERENCE HELD VIRTUALLY (Sept. 22 – 25, 2020) – A delegation of more than 200 members of Federation of Exchange Accommodators (FEA) attending the...
A 1031 Exchange, also known as a “like-kind” exchange, allows individuals to defer capital gains taxes on the sale of investment or business property by reinvesting the proceeds into another qualifying “like-kind” property. “Like-kind” refers to the use...
Following all rules and regulations of a 1031 Exchange is critical to achieving deferral of capital gains taxes on the sale of an investment property. Missing a step, or completing it incorrectly, may give the IRS reason to challenge an Exchange transaction. A...
A 1031 Exchange, also known as a “like-kind exchange,” is a mechanism for investors to defer paying taxes on the sale of investment or business property by exchanging investment property for different investment property. A 1031 Exchange can be an...
Many people have heard of REITs – Real Estate Investment Trusts which are shares of a larger portfolio. However, in a 1031 exchange, you must own real property as your replacement; but in a REIT, you are purchasing a share of an entity which is not the same thing....
A 1031 Exchange can be an excellent way to defer taxes on selling an investment or business property. Still, it involves many requirements and rules an investor should know beforehand. A common question investors have when considering a 1031 Exchange is whether it is...
We are thrilled to have our Vice President, Jeff Horan, join the Federation of Exchange Accommodators (FEA) Board. Realty Exchange’s President, Bill Horan, served on the FEA board for many years and Jeff is looking forward to following suit. FEA leads the way in...
