Asset Preservation's 1031 Exchange eNews | 800.282.1031|info@apiexchange.com

1031 Exchanges Help the Economy During COVID-19 Pandemic

The Federation of Exchange Accommodators (FEA), the only national trade association representing the 1031 exchange industry, just released Section 1031: Sustaining American Businesses During Economic Uncertainty. This flyer highlights the many benefits of 1031 exchanges to help the national economy during the COVID-19 pandemic. A few highlights are noted below:

  • 1031 exchanges allow businesses and investors to increase their returns by moving into more productive property, relocating to another location, diversifying or consolidating.
  • Small business owners and middle-class taxpayers use 1031 exchanges to transition into facilities that more efficiently meet their needs, instead of being-locked in inefficient properties.
  • 1031 exchanges encourage capital investment for the highest and best use of real estate, thus improving communities and increasing the local and state tax base.
  • 1031 like-kind exchanges help repurpose retail and office space, allowing capital to efficiently flow to where it‚Äôs most needed.
  • 1031 exchanges generate jobs and taxable revenue for many ancillary industries including real estate agents, title and property insurers, escrow/settlement agents, lenders, appraisers, surveyors, attorneys, inspectors, contractors, building supply vendors and more.
  • Farmers and ranchers use 1031 exchange to relocate, consolidate or improve their operations without diminishing cash flow.

1031 exchanges are used in conservation easements to improve water quality, reduce soil erosion, maintain wetlands and sustain critical wildlife habitats.

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Webinars: 1031 Exchanges Issues in Today’s Market

Thursday, September 10th
11:00 AM – 12:00 PM EDT

CPE Credit Available

This one-hour intermediate/advanced webinar provides a concise and thorough overview of 1031 exchanges for accountants, CPAs, and tax advisors. This webinar covers critical time deadlines, like-kind requirements, fractional ownership, oil/gas/mineral rights, related party transactions, partnership/LLC scenarios, reverse and improvement exchanges, and how to avoid common pitfalls.

Register Now ¬Ľ

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

This two-hour course for commercial brokers provides a concise and thorough overview of IRC Section 1031 tax-deferred exchanges. This webinar tackles advanced issues such as partnership/LLC scenarios, creative property variations such as perpetual cellular easements (cell towers), fractional ownership, transferable development rights, reverse and improvement exchanges, how to avoid common pitfalls and related-party transactions.

Register Now ¬Ľ

 

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Existing Home Sales June 2020 ‚ÄĒ Extraordinarily Nimble in a Catastrophic Economy

Given the record 32.9 percent plunge in U.S. GDP in Q2 2020 (advanced estimate), June 2020 existing home sales levels could be described as unexpectedly¬†resilient, down just 11.3 percent year-over-year on a seasonally adjusted annualized rate (SAAR) according to the National Association of Realtors¬ģ (NAR). That descriptor rises to¬†extraordinary¬†when…

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We Love Our Happy Customers

Our 1031 exchange paperwork was flawless and always on time. Thank you.

  • – WILLLIAM T.,¬†CALIFORNIA

 

Support Retention of IRC Section 1031 Like-Kind Exchanges

Tell your elected officials how Section 1031 like-kind exchanges have benefited you, your business, and your community. Section 1031 has been a vital part of everyday business transactions U.S. tax policy since 1921.

Please take a few minutes to send a message to your elected officials.

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    Wishing You Happy Holidays

    By |December 18th, 2023|Categories: Uncategorized|

    Message from the President As the holiday season approaches, we wanted to take a moment to express our heartfelt gratitude for your continued patronage of API. It has been a pleasure serving you, and we [...]

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    Spring 1031 Exchange Update

    By |April 15th, 2024|Categories: Uncategorized|

    Is a Partial Exchange Right for You? A prevailing misconception is that a taxpayer considering a 1031 exchange should always seek to obtain full tax deferral. However, in reality, approximately one-third of taxpayers opt for [...]

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    Overview of the Corporate Transparency Act (CTA) Reporting Requirements

    By |January 16th, 2024|Categories: Uncategorized|

    As of January 1, 2024, the federal Corporate Transparency Act (CTA) has been implemented to enhance transparency and hinder illicit activities facilitated by obscure ownership structures. The CTA mandates the reporting of Beneficial Ownership Information [...]

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    Autumn 1031 Exchange Update

    By |November 20th, 2023|Categories: Uncategorized|

    As we approach Thanksgiving Day, we want to extend our warmest wishes to you and your loved ones. May your homes be filled with laughter, your hearts with joy, and your tables with the bountiful [...]

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