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 hard to make sure that every exchange transaction is managed with the utmost care and professionalism.

API wishes you a happy Thanksgiving and holiday season!

From October 17 – December 31, 2019

Do Not File Your 2019 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 2019 tax return (this year, for individuals, April 17, 2020 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  - OR -  Eastern Regional Office: 866.394.1031

Executive Global Interview with Javier G. Vande Steeg

Click here to read a Fall, 2019 interview of Javier G. Vande Steeg, Asset Preservation’s President and Co-Founder by Executive Global. Mr. Vande Steeg talks about 1031 tax deferral, wealth creation and other issues of interest to business owners and real estate investors. Executive Global offers a unique insight into the state of global business in the contemporary age, bringing together the most renowned business personalities and economists of the modern era to deliver the statistics, thorough analysis, strategy, and foresight required to make informed business decisions.

WEBINARS

1031 Exchanges -OR- Opportunity Zones versus 1031 Exchanges...You Pick.

U.S. Homeownership Rate by State

Not only is homeownership the key component of the American Dream, the home is the largest store of wealth for the majority of American families. Good news is that homeownership is increasing in the U.S. once again.

Purchasing Replacement Property from a Builder

When a taxpayer considers purchasing new construction from a builder as replacement property in a 1031 exchange, they should be aware of many factors in advance of the contemplated 1031 exchange transaction...

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