Vacation Home Revenue Procedure 2008-16

Safe Harbor for Vacation Home The IRS published Revenue Procedure 2008-16 for the purpose of providing a Safe Harbor under which the IRS will not challenge whether a dwelling unit with limited personal use qualifies as property held for productive use in a trade...

VA Conformity for 1031 Exchanges

The TCJA was enacted in December of 2017. Some states have not changed their ‘date of conformity’ to conform to the provisions of the federal Tax Cut and Jos Act (TCJA). Personal property can no longer be exchanged under federal law, 1031 exchanges are limited to real...

Tax Case: Don’t mess with the IRS

A California realtor learns not to mess with the IRS. Taxpayer did an exchange of her relinquished two rental properties but acquired a residence as replacement property and used it as her principal residence. She obtained an owner-occupied loan on the replacement and...

Since 1990 – 29 Years and Counting

This year Realty Exchange Corporation celebrates 29 years as a Qualified Intermediary (QI). Founded in 1990 by Ed Horan (pictured), Realty Exchange continues its laser focus to provide 1031 exchange QI services for our clients. We thank the thousands of clients who...