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… team’s commitment to protecting Internal Revenue Code §1031 and 1031 Like-Kind Exchanges (LKEs). “Steve continues to be a … ties to the organization that serves as the voice for the 1031 exchange industry, Accruit’s ability to serve our …
… Reform Act of 2014 , which includes a complete repeal of 1031 like-kind exchanges, continues to loom as a starting … Green Book budget proposal also severely limits the use of 1031s. What’s the old saying? “History does not repeat … painted into the corner on a lot of different issues.” 1031s Should Not Be the Pay-For Through multiple coalition …
… 1031 exchanges are typically of the "forward" variety - they … that the 45-day identification period for identifying new property is tight, and many investors want the opportunity … old property at the same time, but they will allow your Qualified Intermediary (QI) to take title to your new …
… Accruit, LLC is closely monitoring any 1031 exchange deadline extensions due to COVID-19 on both a … a broad spectrum of the real estate industry, such as qualified intermediaries, property owners and operators, investors, lenders, title …
… When setting out to conduct a 1031 like-kind exchange, it’s important to know the rules … the exchange Prohibitions on personal use of the investment property for more than 14 days in either of the first two … - an experienced tax advisor and an experienced qualified intermediary - who can highlight important issues …
… A basic premise of the 1031 like-kind exchange is that the relinquished property and the replacement property have to be like-kind … very broad. This is not defined in the tax code or in the 1031 exchange regulations , rather it follows case law …
… What is the Same Taxpayer Rule in a 1031 Like-Kind Exchange? In a 1031 exchange, the taxpayer who owns the relinquished property must be the same taxpayer who takes ownership of …