Dear Clients and Associates,
On behalf of the API family, I thank you for your patronage and support this past year. It was a rollercoaster year in the real estate industry, and particularly for 1031 exchanges. At present, I’m happy to say that there are no threats to 1031 exchanges from a regulatory standpoint. This is great news for the real estate industry because repeated proposals have sought to limit or eliminate 1031 exchanges in recent years.
I look forward to 2023 with anticipation and uncertainty as we watch the effect of increasing interest rates as the market corrects itself from record-high valuations and heightened demand. I’m confident that whatever market challenges we face in 2023, they will not compare to the overall challenges we all faced beginning on March 15, 2020, and have successfully endured up to now.
We wish you and your families a joyous and safe Holiday Season, and look forward to working with you in 2023!
Javier G. Vande Steeg, President
We Love Our Happy Customers
Job well done!! It was a pleasure working with you on the 1031 Exchange. You made it so easy and effortless. Thank you again for taking care of my clients and making it all come together. I appreciate it. I look forward to the next one.
– Peter, Colorado
1031 Basics: Identification Rules
1031 Tax Preparation – IRS Form 8824
The identification period in an IRC Section 1031 exchange begins on the date the taxpayer transfers the relinquished property and ends at midnight on the 45th calendar day thereafter. To qualify for a 1031 exchange, the tax code requires identifying replacement property…
Empowered Investor Live
Asset Preservation’s Scott Saunders will be presenting on 1031 exchanges at the 24th Annual Empowered Investor Live in Scottsdale, AZ January 27-29, 2023.
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.
10 Housing Markets Expected to Lead the Nation in 2023
All eyes are on the South, where home affordability, job and population growth and inventory levels are strongest heading into the new year.