Disrupting the 1031 Exchange Pricing Status Quo In the world of tax-deferred exchanges, most Qualified Intermediaries (QIs) follow a “quiet” industry standard: they keep the interest earned on your exchange funds for themselves, and in addition charge a hefty fee. At e1031xchange, we have reinvented this model and now offer the most competitive pricing anywhere:
By Jerry Feeney Esq. and Daniel Mendoza Qualified vs Unqualified Closing Costs One of the most common mistakes taxpayers make in a 1031 exchange is using exchange proceeds to pay unqualified closing costs. This minefield can cause unexpected tax bills for even the most careful exchanger. Let’s take a look at what can happen. Suppose
Common Pitfalls with Identifying Replacement Properties/Canceling Exchanges Learn about the key deadlines and rules for modifying property lists in 1031 exchanges, and what happens if you miss them. When executing a forward/delayed 1031 exchange there are 2 major deadlines: (1) exchanger has 45 days to identify to the qualified intermediary replacement properties, and (2) 180
The 1031 Adviser: Converting 1031 Replacement Property into a Principal Residence It’s not uncommon for an investor to convert a property held for business, trade or investment into a principal residence. Change in investment potential of the property, or a desire to get out of the landlord business, might make the investor decide to
Second Homes and the 1031 Exchange A 1031 exchange can be used to defer capital gain and depreciation recapture taxes on the sale of property held for business, trade or investment. The guidelines for a successful exchange must be followed carefully or the IRS may disallow the exchange. I am often asked whether a property