Members: 114,168 - 722 Online Now  Login
 



capital rate: 1031 Qualified Exchange -Disqualified Person - 03/24/08 07:19 PM
Definition of a Disqualified Person for a 1031 Excahnge:
Any agent of the taxpayer - within the past two years. The agent of the taxpayer at the time of the transaction is a disqualified person. A person who has ated as the taxpayer's employee, attorney, accountant, investment banker or broker, real estate … (0 comments)

capital rate: 1031 Qualified Exchange Safe Harbor Rules - The Accommodator - 03/24/08 06:43 PM
Who may be an Accommodator in a deferred exchange.
  A qualified accommodator is:
Not the taxpayer or a disqualified personActs to facilitate a deferred exchange by entering into a written agreement, and is required by the exchange agreement to acquire the relinquished property from the taxpayer, transfers the relinquished property, acquires the … (0 comments)

capital rate: 1031 Qualified Exchange Safe Harbor Rule #3 - 03/24/08 06:30 PM
Safe arbor Rule #3 - Qualified Accommodators
 Deferred exchanges are permitted to be facilitated by the use of a qualified intermediary if the taxpayer's rights to receive the money or other property held by the accommodator are limited by the previously discussed Rules 1 and 2.
In this case the qualified accommodator is … (0 comments)

capital rate: 1031 Qualified Exchange Safe Harbor Rule #2 - 03/24/08 06:21 PM
Safe Harbor Rule #2 - Cash put into qualified escrow accounts
  The exchanger may require that the buyer deposit the cash (or equivalent) into a qualified escrow account or trust, without the exchanger being considered as being in constructive receipt of the money.
A qualified escrow account is one in which the … (2 comments)

capital rate: IRS Safe Harbor Rule #1 for Qualifying a 1031 Exchange - 03/24/08 06:04 PM
Safe Harbor Rule #1
The Buyer, not Seller, continues to hold the money with a security or guarantee arrangement.
  The Exchanger transfers property to buyer and secures the promise to transfer the required funds by one or more of the following collateral arrangements:
A  mortgage or trust deed or other security interest in … (0 comments)

capital rate: 1031 Exchange Time Frame for Receipt of Property - 01/04/08 04:12 PM
The regulations provide that the allowed time period for property to be received is ends 180 days following the date of transfer of the relinquished property (the exchange period). The term included in this allowed transfer period is "substantially the same" property as was identified.In the regulation there is an example … (1 comments)

capital rate: 1031 - Who do You Call? - - Tax Busters - 03/19/07 06:22 PM
Looking to move up in your real estate investments? The thing you do not want to do is sell your existing real estate. To maximize your properties capital investment, you need to first consider if a 1031 tax deferred exchange would be a benefit to you.
The term 'tax deferred exchange' scares … (0 comments)

 
Real Estate Brokerage: David Spencer & Assoc., Broker & Lic. Instr. CE and Pre-Lic.
David Spencer Chicago Metro Real Estate
Bloomingdale, IL
More about me…
David Spencer & Assoc., Broker & Lic. Instr. CE and Pre-Lic.

Office Phone: (630) 351-3004
Cell Phone: (630) 750-4255
Email Me
Real estate topics on better business performance, education, advanced techniques for selling/buying residential, commercial and investment real estate; 1031 tax deferred exchange, licensing; anecdotes and stories to ponder.