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tax: 1031 "The Delayed Exchange"
- 10/29/07 04:58 AM
Many people have been entering the real estate market as investors for the first time and have been exploring the benefits of tax deferral using a 1031 Exchange. Speaking with a trusted tax advisor is key to learning the requirements, but many investors have questions about how an exchange will affect their sale and how the process actually works. Every 1031 Exchange company operates differently, but here is a sample outline of a standard delayed exchange.
Prior to Sale:
Investor decides to sell, contracts a real estate agent, receives and accepts an offer. Add intent to do an exchange to the sales contract. … (4 comments)
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Many people have been entering the real estate market as investors for the first time and have been exploring the benefits of tax deferral using a 1031 Exchange. Speaking with a trusted tax advisor is key to learning the requirements, but many investors have questions about how an exchange will affect their sale and how the process actually works. Every 1031 Exchange company operates differently, but here is a sample outline of a standard delayed exchange.
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