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February 1031 Exchange Update

New Fast-Paced Webinar!

This webinar provides an overview of 1031 exchanges and the delayed exchange rules and time requirements – all in only 10 minutes and 31 seconds. This is a great resource with lots of valuable information for investors exchanging for the first time or needing a quick refresher.

Click below to watch this very informative webinar.

 

CA FTB 3840, California Like-Kind Exchanges

Taxpayers who exchange from a relinquished property in California and acquire replacement property out of California must report the transaction on FTB 3840, California Like-Kind Exchanges. Read the latest February 2021 compliance update from the California Franchise Tax Board on this requirement.

 

THE STATE OF THE SFR INVESTMENT INDUSTRY:
2021 Acquisition, Financing, Management and 1031 Exchange Strategies (2021 Investment Strategies)

Hosted by:
SVN | SFRhub Advisors, RCN Capital, Mynd Property Management
& Asset Preservation Inc. (Powered by Stewart Title)

March 10th, 2021 @ 10AM PST

 

Treasury Regulations-Interview with Tax Expert Lou Weller

Javier G. Vande Steeg, President of Asset Preservation, Inc. (API) interviewed Low Weller, J.D. Partner at Weller Partners LLP, and discussed highlights of the recently released Section 1031 Real Property Treasury Regulations.

Mr. Vande Steeg: Lou, I know you have been involved at a high level in the development of the final “real property” regulations, can you tell us a little history regarding the passage of the new regulations?

Mr. Weller: When the 2017 Tax Cuts and Jobs Act (TCJA) bill changed Section 1031 to apply only to real property, the issue of what is “real property” for this section became more central than when that issue only affected whether something was “like-kind.”  The Regulations under Section 1031 had never defined real property before, but had addressed what real property was like kind: examples being the familiar rules that improved real property is like-kind to…

Read the Full Interview »


1031 Basics: What Not To Do/Failed Exchanges

Delayed exchanges, under IRC Section 1031, are the most common exchange format and strict statutory rules and requirements exist to obtain 1031 tax deferral. In a delayed exchange, a taxpayer must meet a number of time deadlines after closing on the sale of a relinquished property:

  1. Acquire the replacement property within a maximum of 180 calendar days after closing on the sale of relinquished property, or the day the taxpayer’s tax return is due, whichever is earlier (the “Exchange Period”)
    – and –
  2. Either acquire all replacement property or properties or properly identify all potential replacement properties within 45 calendar days from the relinquished property closing (the “Identification Period”).

Below are three tax court decisions highlighting what not to do in a delayed exchange…

Read More »


Webinars: 1031 Exchanges Issues in Today’s Market

Wednesday, March 10th

11:00 AM – 12:00 PM EST
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 »

Friday, March 26th

12:00 PM – 2:00 PM CT
CE Available

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 »

 

We Love Our Happy Customers

We are so thrilled with your assistance with the reverse 1031 exchange. You could explain issues to us that we had difficulty comprehending. We would be delighted to use API again and also recommend the firm to others.

– JILL H., MAINE

 

Existing Homes Sales in 2020 Best Since 2006

Existing home sales came in at 6.76 million in 2020 on a seasonally adjusted annualized rate (SAAR), the best performance seen since 2006 according to the National Association of Realtors® (NAR). Annual 2020 sales were up 22.2 percent on a SAAR, while the median price (not seasonally adjusted) for the year was up 9.0 percent… Read More »

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    Take Action to Save 1031 Exchanges

    By |September 2nd, 2021|Categories: Uncategorized|

    1031 TAX REFORM UPDATE Now is the time to make your voice heard. The House of Representatives recently passed the 2022 reconciliation Budget Resolution. This Budget Reconciliation focuses on a new $3.5 trillion infrastructure and [...]

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    Pitfalls to Avoid in a 1031 Exchange

    By |June 23rd, 2021|Categories: Uncategorized|

    Advanced 1031 Exchange Webinar for Commercial Brokers Tuesday, June 29th from 12 PM - 2 PM CT CE Available This two-hour course for commercial brokers provides a concise and thorough overview of 1031 exchanges. [...]

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    Build-for-Rent (BFR): An Emerging Replacement Property Asset for 1031 Exchange Investors

    By |April 6th, 2021|Categories: Uncategorized|

    Historically, construction for multi-unit rental properties has consisted of apartment buildings and smaller multi-family properties in the two to four-unit ranges. However, a new category of multi-unit rental property has been attracting more attention [...]

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    February 1031 Exchange Update

    By |February 12th, 2021|Categories: Uncategorized|

    ‌ ‌ ‌ ‌ New Fast-Paced Webinar! This webinar provides an overview of 1031 exchanges and the delayed exchange rules and time requirements – all in only 10 minutes and 31 seconds. This is [...]

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