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full deferral: 1031 Exchanges - Say What? Terminology Part #2 - 04/11/08 12:56 AM
 1031 Exchange Terminology Part #2
MORTGAGE BOOT: This occurs when the Exchanger does not acquire debt that is equal to or greater than the debt that was paid off on the relinquished property sale; Referred to as "debt relief". This creates a taxable event.
QUALIFIED INTERMEDIARY: The entity who facilitates the exchange; Defined as follows: (1) Not a related party (i.e. agent, attorney, broker, etc.) (2) Receives a fee (3) Receives the relinquished property from the Exchanger and sells to the buyer (4) Purchases the replacement property from the seller and transfers it to the Exchanger; Asset Preservation, Inc. (API) is a "Qualified … (0 comments)

full deferral: 1031 Exchanges - Say What? Terminology Part #1 - 04/11/08 12:53 AM
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full deferral: 1031 Exchanges - Reasons to Exchange - 04/11/08 12:15 AM
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full deferral: 1031 Exchange -Sale v. Exchange - 04/11/08 12:04 AM
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full deferral: 1031 Exchanges - Balancing the Exchange for Full Deferral - 02/19/08 11:57 PM
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Lisa Lambert, Esq. (1031 Exchange Expert)

Bakersfield, CA

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Asset Preservation

Address: 30 River Park Place W, Suite 120, Fresno, CA, 93720

Office Phone: (559) 229-4103

Cell Phone: (559) 433-5399

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