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… Kevin Brady (R-TX) urging the committee to help preserve 1031 like-kind exchanges. The letter, attached below, called Section 1031 "integral to [its] operations and ongoing vitality." … efficiencies for the agricultural community. Section 1031 permits a taxpayer to exchange business-use or …
… that we believe is of interest to many companies with 1031 exchange programs, and we thought we'd take this … issues. It's also important to note that the phrase "property held primarily for sale" is not arbitrary. It … by the taxpayer. Implications Under IRC section 1031(a), Qualified LKE sales are disposals of relinquished property …
… i.e. John Smith holds title to the Relinquished Property and therefore John Smith must hold title to the … when different types of entities are involved in the 1031 Exchange, such as multi-member LLCs, S-Corps, etc. … Q: If 123 Main LLC sells Relinquished Property through a 1031 exchange and 123 Main LLC buys the Replacement …
… plays an important role in the processing of successful 1031 Like-Kind Exchanges (LKEs). We obviously think this is … exchange. For example, if you do not purchase replacement property by day 45, you must provide your qualified intermediary (QI) with identified property you …
… the availability of a tax deferred exchange under Section 1031 of the Internal Revenue Code can be the key to enabling … As many people know, 1031 exchanges must involve like-kind property sold and purchased . This means an interest in real … over the years and is available to assist as the Qualified Intermediary. … Sales of wind farms and turbines …
… requires that there be both relinquished and replacement property. As such, equipment owners must actually sell old … restrictions are usually satisfied through employing a qualified intermediary (QI), whose responsibilities include … the replacement property is acquired. Found within Section 1031’s underlying restrictions and often referred to as the …