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… Tax deferral afforded through Section 1031 like-kind exchanges has been under threat of repeal or … to allow for like-kind exchanges only with respect to real property. The provision would be effective for transfers … after January 1, 2018. The requirement for the use of a qualified intermediary ( Video: Who can and cannot act as a …
… a financial technology company specializing in escrow and 1031 exchange services, today announced the general … solutions. In fact, in 2002, we transformed personal property exchanges with our patented exchange automation … transactions as a trusted independent escrow agent and qualified intermediary. Accruit specializes in 1031 …
… on April 19, 2024, addresses the potential issues in a 1031 Exchange of a trust beneficiary’s Tenancy in Common … by the will of a deceased person) that continued to hold property long after the death of the creator of the Trust to … property out of a business entity with a short-term hold disqualified the real property as being held for …
… deadlines. But how do declared disasters impact IRC Section 1031 Tax Deferred Exchanges specifically? Section 1031 … “no gain or loss is recognized on the exchange of real property held for productive use in a trade or business or … declared natural disaster. 5 Under IRC §7508A(d)(2), “Qualified Taxpayers” are (A) Any individual whose principal …
… There are many factors which motivate taxpayers to complete 1031 exchanges when selling real estate. Such … fewer properties into more Trade appreciated low cash flow property for high cash flow property Maximize ability to … very important, but often overlooked, reason to consider a 1031 exchange is to take advantage of a stepped-up basis for …
… with Accruit. “My family and I have used Accruit as our Qualified Intermediary for many 1031 Exchange transactions. I was very pleased to learn that … burden other QIs.” Accruit is a leading full service Qualified Intermediary and developer of the industry’s only …
… pay for special assessments that might otherwise keep the property in proper condition. Furthermore, the need for … have a negative impact on the price. Requirements for a 1031 Exchange Like any other sale of real estate, those who … such requirement is that the exchange company, known as a Qualified Intermediary (QI), has to take tax ownership of …
… more enjoyable parts of my job. Despite the fact that the 1031 exchange business focuses on a very narrow part of the … basic forms: Two-party swap format, without the use of a Qualified Intermediary (QI) Three-party format, without the … party is potentially exposed to liability issues related to property they have little information about. This potential …