Statutory Limitations on Like-Kind ExchangesThe proposed regulations provide guidance implementing changes enacted in the Tax Cuts and Jobs Act (TCJA). These proposed regulations amend the existing regulations adding a definition of real property reflecting statutory changes limiting section 1031 to exchanges of real property. The proposed regulations provide a rule addressing a taxpayer’s receipt of personal property that is incidental to real property. They also affect taxpayers that exchange business or investment property for other business or investment property in determining whether the exchanged properties are real property for Section 1031 purposes. Read More » |
|
|
|
|
Call Us
Due Diligence When Recommending a QI & Other 1031 Updates
Due Diligence When Recommending a QI Have you examined your qualified intermediary (“QI”) lately? Are you sure your exchange funds are secure? Although a small number of states have enacted regulations governing IRC Section 1031 [...]
Happy Holidays from Asset Preservation
Happy Holidays from API's President To all of our Clients and Associates, I extend to you a sincere HAPPY HOLIDAYS! 2013 has been a very busy year for all of us involved in 1031 exchanges [...]
Happy 10-31 Day!
Important information for investors beginning a 1031 exchange from October 18 – December 31, 2013 The time frame an exchanger has to complete the acquisition of a replacement property in a 1031 exchange ends at [...]
New Connecticut QI Law, PLR & Other 1031 Exchange Updates
Connecticut 1031 Exchange Qualified Intermediary Law New Law Provides Consumer Protection for Investors The State of Connecticut has enacted a new law regulating qualified intermediaries who facilitate tax deferred exchanges under IRC Section 1031. The [...]