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.

Call Us

Asset Preservation would appreciate the opportunity to work with you
on your next 1031 exchange. Give us a call for a free consultation.


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.

Get Real Podcast: Ways To Defer Taxes and Get Better Returns

    Partnerships and 1031 Exchanges

    By |September 23rd, 2022|Categories: Uncategorized|

    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 in a like-kind exchange under [...]

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    Appreciation and 1031 Exchange Uptick in Vacation Destinations

    By |August 12th, 2022|Categories: Uncategorized|

    The COVID-19 pandemic changed how many people work, with many more working at home or a hybrid of at home split with time in an office setting. This has led to a significant increase in [...]

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    Pennsylvania to Recognize 1031 Exchange Tax Deferral Beginning January 1, 2023

    By |July 18th, 2022|Categories: Uncategorized|

    The state of Pennsylvania has been the only state where the personal income tax provision regarding Section 1031 did not conform to the federal Internal Revenue Code Section 1031. In the past, this meant taxpayers [...]

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    Step Transaction Doctrine

    By |March 17th, 2022|Categories: Uncategorized|

    1031 Exchange Webinars We Love Our Happy Customers Our exchange paperwork was flawless and always on time. Thank you. -William T., California Get Real Podcast: Ways To Defer Taxes and Get Better Returns Scott Saunders, [...]

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