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qi: 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)

qi: 1031 Exchanges - Say What? Terminology Part #1 - 04/11/08 12:53 AM
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qi: 1031 Exchanges - Intro to Delayed Exchanges - 04/11/08 12:43 AM
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qi: 1031 Exchanges -1031 Basics - 04/11/08 12:20 AM
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qi: 1031 Exchanges - Reasons to Exchange - 04/11/08 12:15 AM
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qi: 1031 Exchange -Sale v. Exchange - 04/11/08 12:04 AM
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qi: 1031 Exchanges - What Agents Need to Know - 04/10/08 11:57 PM
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qi: 1031 Exchanges - Vacation Homes Prior 2008 Guidance - 04/10/08 11:50 PM
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qi: 1031 Exchanges - Vacation Homes New Safe Harbor - 04/10/08 11:46 PM
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qi: 1031 Exchanges - Balancing the Exchange for Full Deferral - 02/19/08 11:57 PM
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qi: 1031 Exchanges -- FREE WEBINAR - Learn About 1031 Exchanges Today - 02/12/08 06:15 PM
Have you heard about 1031 exchanges but you don't know exactly what is involved?
If you're a real estate agent, understanding 1031 exchanges can increase your income.
Section 1031 of the Internal Revenue Code permits sellers of appreciated investment property (as defined by the code) to defer recognition of the capital gain tax they would pay on the sale if they buy another investment property within the 180 Exchange Period. There are a number of rules involved and the exchanger's tax advisors ought to be involved from the beginning.
In the Webinar You Will Learn:
The Basic Requirements of 1031 Exchanges.
What is Like-Kind property?
How long does the … (0 comments)

qi: 1031 Exchanges - Security of Funds - KNOW YOUR QI - 02/12/08 05:16 PM
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qi: 1031 Exchanges -- Security of Funds -- CRITICAL!!!! - 02/12/08 05:15 PM
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Lisa Lambert, Esq. (1031 Exchange Expert)

Bakersfield, CA

More about me…

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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