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.
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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…
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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
Webinar Video: Opportunity Zones and a Comparison of Pros and Cons of 1031 Exchanges
For those that missed the webinar or couldn’t get in because registration reached capacity, click the links below to access the resources: Webinar on API’s YouTube Channel: Watch Now Slide deck of PowerPoint presentation: [...]
WEBINAR: Overview of Opportunity Zones (OZ) and a Comparison of the Pros and Cons versus 1031 Exchanges
Thursday, April 25, 2019 | 10:00 - 11:00 AM (MDT) | NO COST The presentation will cover: The 3 Benefits of OZ Fund Investments OZ Fund Requirements Types of OZ Assets Understanding OZ Tax [...]
Section 199A Guidance for Real Estate Investors on 20% Deduction
The tax code provides incentives to encourage taxpayers to invest in real estate. Section 1031 exchanges, which have been a valuable tax deferral strategy since 1921, help real estate investors redeploy capital on [...]
State Tax Withholding & Op Zones
State Tax Withholding: Summary of the Extensions & Rules Some states impose a mandatory tax withholding requirement on the sale of real property by nonresident individuals or entities. In some cases, an exemption is available [...]