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Special End-of-Year Planning Alert for 1031 Like-Kind Exchanges

Remember, the deadline to complete a 1031 Like-Kind Exchange (LKE) is the earlier of 180 calendar days, or the due date, with extension of your income tax return. If you are currently participating in an LKE, be sure to contact your tax advisor right away. You might have to extend your tax return in order to take advantage of the full 180 days. If you are thinking about starting the LKE process, contact Accruit today. Our representatives will carefully discuss the details and highlight how much money you can save through our custom LKE solutions.

Your tax relief deadline might be closer than you think!

Remember, the deadline to complete a 1031 Like-Kind The transfer of the relinquished property to the Qualified Intermediary, and the receipt of the replacement property from the Qualified Intermediary is considered an exchange. To be compliant with IRC Section 1031, the transaction must be properly structured, rather than being a sale to one party followed by a purchase from another party. Exchange (LKE) is the earlier of 180 calendar days, or the due date, with extension of your income tax return.  If you are currently participating in an LKE, be sure to contact your tax advisor right away.  You might have to extend your tax return in order to take advantage of the full 180 days.

If you are thinking about starting the LKE process, contact Accruit today.  Our representatives will carefully discuss the details and highlight how much money you can save through our custom LKE solutions.