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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Webinars: 1031 Exchanges Issues in Today’s Market

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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.

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Tuesday, October 6th
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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.

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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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1031 Exchange Summer Update – 2020

By admin|2020-07-24T08:54:17-07:00July 23rd, 2020|Categories: Uncategorized|

The 1031 exchange market nationally has been like a roller coaster this past spring and summer, plummeting down in April and roaring back up starting in June. In late March and April exchange activity [...]

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New Proposed 1031 Real Property Regulations

By admin|2020-06-11T13:30:06-07:00June 11th, 2020|Categories: Uncategorized|

Statutory Limitations on Like-Kind Exchanges The 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 [...]

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IRS Notice Extends 1031 Exchange Deadlines

By admin|2020-04-15T13:02:40-07:00April 10th, 2020|Categories: Uncategorized|

Breaking News On April 9, 2020 the IRS issued Notice 2020-23. This Notice extended many deadlines for taxpayers affected by the COVID-19 pandemic including Section 1031 exchange time deadlines. This Notice provides that any person [...]

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Top 1031 Exchange Pitfalls

By admin|2020-03-10T11:46:27-07:00March 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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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

1031 Exchange Summer Update – 2020

New Proposed 1031 Real Property Regulations

IRS Notice Extends 1031 Exchange Deadlines

Top 1031 Exchange Pitfalls

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Offer on Replacement Property Before Closing on the Relinquished Property Sale