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

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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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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Webinars: 1031 Exchanges Issues in Today’s Market

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.

Learn More & Register »

Tuesday, October 6th
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.

Learn More & Register »

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.

st-svn-2020
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

We Love Our Happy Customers

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

  • – Berry, COLORADO

 

18 Best Places to Buy Rental Property in 2020

18 of the best places to buy rental property in 2020. Discover why each of these markets is a great place to invest, read rental market statistics, and more.

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    Happy 1031 Day from Asset Preservation!

    By |October 12th, 2015|Categories: Uncategorized|

      Important Information For Investors Beginning An Exchange   From October 17 – December 31, 2015 Do Not File Your 2015 Income Tax Return Until Your Exchange Has Been Fully Completed The time frame a taxpayer has to [...]

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    Trusts and 1031 Exchanges: An In-Depth Overview

    By |August 27th, 2015|Categories: Uncategorized|

    Trusts and 1031 Exchanges: An In-Depth Overview Trusts are often involved in Internal Revenue Code (“IRC”) Section 1031 exchanges. For example, the relinquished property may be held in a revocable living trust that was formed [...]

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    Combine Reverse and Delayed Exchange for 360 Days

    By |August 10th, 2015|Categories: Uncategorized|

    Combine Reverse & Delayed Exchange for 360 Days Tax-deferred exchanges have been part of the U.S. Tax Code since 1921. Since that time, the government has approved certain methods to structure exchange transactions that are [...]

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    Options for Partnership Exchanges and Other 1031 News

    By |June 17th, 2015|Categories: Uncategorized|

    Partnerships and 1031 Exchanges Available Options for Partners and Partnerships (and LLCs) Like any taxpayer, a partnership (and a limited liability company taxed as a partnership, generally referred to herein as a “partnership”) can engage [...]

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