delayed property exchanges: Use Delayed Tax Deferred 1031 Exchanges as a Retirement Planning Tool, Part 1
- 07/06/08 09:11 AM
One of the first transactions I undertook after I obtained my real estate license in the early 1980's was a delayed tax-deferred 1031 (Starker) exchange. When I asked my broker for guidance, he advised me "not to get involved" and to stick to simple transactions. But I love a challenge, so I consulted with a reputable attorney and a reputable CPA and together we completed the transaction. Although delayed tax-deferred exchanges are taken for granted now, they weren't then. Prior to 1970, tax-deferred exchanges of investment property were always simultaneous exchanges directly between the buyer and the seller. But in 1970 … (2 comments)
One of the first transactions I undertook after I obtained my real estate license in the early 1980's was a delayed tax-deferred 1031 (Starker) exchange. When I asked my broker for guidance, he advised me "not to get involved" and to stick to simple transactions. But I love a challenge, so I consulted with a reputable attorney and a reputable CPA and together we completed the transaction.;)
;)
