Until this point, my blogs have consisted of setting out the benefits of Section 1031 exchanges and the mechanics of the actual exchange. Today I want to address a critical issue regarding the future of tax-deferred exchanges. SECTION 12504 Many of you do not follow the industry of agriculture ve
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11/13/2007
“HELD FOR INVESTMENT”—WHAT'S THAT? The actual wording of Internal Revenue Code §1031 says that in order to qualify for tax-deferred treatment, the property owner must sell property that has been “held for productive use in a trade or business or for investment” (emphasis added) and purchase prope
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11/08/2007