Offer on Replacement Property Before Closing on the Relinquished Property Sale

In a 1031 delayed exchange, the taxpayer has 45 calendar days from closing on the sale of a relinquished property to identify replacement properties, pursuant to the rules of identification. This 45-day period is referred to as the “Identification Period.” Some commonly asked questions are: “Can the taxpayer begin looking for suitable replacement property before closing the sale of the relinquished property?” and “Can the taxpayer make offers on and get replacement property under contract before closing the sale of the relinquished property?” The answers to these questions are “yes.”

Although the start of the Identification Period is triggered by the relinquished property sale closing, nothing prohibits a taxpayer from looking for replacement property before the relinquished property sale closes. In fact, in many situations, this may be a very wise…

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Stewart Partners with SVN/SFRhub Advisors

Stewart has formed a partner alliance in the single-family rental (SFR) and build for rent (BFR) marketplace with SVN|SFRhub Advisors, a national commercial real estate brokerage with over $1 billion of active SFR/BFR portfolio listings. SFRhub enables investors to view, create, and customize an SFR/BFR portfolio that meets specific goals and investment objectives. Visit the link below to learn more.

All SVN® Offices are independently owned and operated. SVN | SFRhub Advisors and Stewart Title Company are neither affiliates nor does SVN/SFRhub Advisors receive any compensation from Stewart Title Company. Local Broker License Information: www.SFRhub.com/realestatelicensing

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Top 1031 Exchange Pitfalls

By admin|2020-03-10T11:46:27+00:00March 10th, 2020|Categories: Uncategorized|

Top 1031 Exchange Pitfalls Taxpayers should always review all aspects of any 1031 exchange with competent tax/legal advisors familiar with your specific transaction, objectives and the relevant facts. This article addresses some of the [...]

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By admin|2019-12-16T16:50:11+00:00December 16th, 2019|Categories: Uncategorized|

Dear Friends, As the Holidays rapidly approach us, I wanted to take a moment and thank you all for your business, your loyalty, and your work this past year. 2019 was another very busy [...]

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By admin|2019-11-18T16:07:46+00:00November 18th, 2019|Categories: Uncategorized|

Thank you for referring your 1031 exchange transactions to Asset Preservation, Inc. (API) over the years. We appreciate the opportunity to provide excellent service on each and every 1031 exchange. We will continue to [...]

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By admin|2019-10-29T11:29:32+00:00October 24th, 2019|Categories: Uncategorized|

FTB Notice 2019-05 Imposing the Failure to Withhold Penalty Against Qualified Intermediaries Who Actively Participate in Certain Improper Like-Kind Exchange Transactions The purpose of this Notice is to inform qualified intermediaries ("QIs") that the [...]

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Support Retention of IRC Section 1031 Like-Kind Exchanges

Webinars: 1031 Exchanges Issues in Today’s Market

Tuesday, September 29th
3:00 PM – 5:00 PM EDT

Tuesday, October 6th
11:00 AM – 12:00 PM EDT

Stewart Partners with SVN/SFRhub Advisors

We Love Our Happy Customers

This is our 4th property exchange with you. Every one of them has been a “10” experience.

18 Best Places to Buy Rental Property in 2020

Call Us

Top 1031 Exchange Pitfalls

20191217-2

Wishing You a Very Happy Thanksgiving!

Happy 10-31 Day from Asset Preservation!

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Offer on Replacement Property Before Closing on the Relinquished Property Sale