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...
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...
If you closed on your 1031 exchange relinquished property in the last quarter of 2021 and still have an active 1031 exchange you may want to file an on-time tax return extension. The IRS 1031 regulations say: “The exchange period begins on the date the taxpayer...
Continuity of title is an important component of a 1031 exchange. Remember: 1031 exchanges are about deferring taxes. The same taxpayer(s) that sells a property must be the same taxpayer(s) that owns new replacement property(ies). We strongly recommend you check who...
Treasury Notice 2020-23; this Notice provides an extension to July 15, 2020 for taxpayers whose 45-day identification period or 180-day exchange period fall between April 1, 2020, and July 14, 2020. Likewise, taxpayers engaged in reverse exchanges whose 45th day to...
