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

Happy 1031 Day

Important Information for Investors Beginning an Exchange

From October 17 – December 31, 2021

Do Not File Your 2021 Income Tax Return Until Your Exchange Has Been Fully Completed.

The time frame you have to complete the acquisition of your replacement property ends at midnight on the earlier of the 180th day after the date you transferred the relinquished property OR the due date (including extensions) for your income tax return for the taxable year in which the transfer of the relinquished property occurs. (U.S. Treasury Regulations section 1.1031(k)-1(b)(2)).This means if the 180th day following the closing of your first relinquished property falls after the due date for your 2021 tax return (this year, for individuals, April 17, 2022, you must file an application for extension of time with the IRS to extend the due date. If you do not file for an extension, you will NOT be able to acquire any replacement property in your exchange after your tax return due date.

Remember:
If your exchange is not completed by the due date of your tax return — FILE AN EXTENSION.

If you have any questions, please call your Exchange Counselor at
National Headquarters: 800.282.1031

Eastern Regional Office: 866.394.1031

1031 Exchange Webinars

Thursday, December 9th

12:00 PM – 2:00 PM CT

This two-hour course for commercial brokers provides a concise and thorough overview of 1031 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.

Tuesday, November 9th

11:00 AM – 12:00 PM EST

CPE Available

This one-hour intermediate/advanced 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.

We Love Our Happy Customers!

One phone call and they took care of everything,
no questions – no problems.

-Douglas B., TEXAS


1031 Tools: Capital Gain Tax Calculator

Use our capital gain tax calculator to determine the approximate capital gain taxes deferred by performing a 1031 exchange with Asset Preservation, Inc. Just enter your figures in the form fields provided and click on the ‘Calculate’ button.


Federally Declared Disaster Extension Information

Click the link below to determine if you may qualify for an extension.

https://www.irs.gov/newsroom/tax-relief-in-disaster-situations

Additional information here: https://apiexchange.com/disaster-relief/



These Markets are Expected to Be the Hottest for Real Estate in 2022

The pandemic didn’t just upend the working world, it also has brought about some seismic shifts in residential real estate.
Large cities, which previously dominated the list of the country’s top real estate markets, are losing their appeal as people discover they can work from anywhere, spend less, and escape dense crowds. And that has unleashed a flood of demand for smaller metro areas. In fact…


Support Retention of 1031 Exchanges

Tell your elected officials how 1031 exchanges have benefited you, your business, and your community. 1031 exchanges have been a vital part of investment transactions and U.S. tax policy since 1921.

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

    Wishing You a Very Happy Thanksgiving!

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

    Thank you for referring your 1031 exchange transactions to Asset Preservation, Inc. (API) over the years. We appreciate the opportunity to provide excellent service on each and every 1031 exchange. We will continue to work [...]

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    Happy 1031 Day

    By |October 26th, 2021|Categories: Uncategorized|

    Important Information for Investors Beginning an Exchange From October 17 – December 31, 2021 Do Not File Your 2021 Income Tax Return Until Your Exchange Has Been Fully Completed. The time frame you have to [...]

    Comments Off on Happy 1031 Day

    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 [...]

    Comments Off on Take Action to Save 1031 Exchanges

    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. [...]

    Comments Off on Pitfalls to Avoid in a 1031 Exchange
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