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...
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...
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...
