delayed exchange: 1031 Exchange Company.
- 05/08/08 05:56 AM
If you were to exchange your investment property utilizing the benefits of IRC Section 1031, you can defer the tax on the gain, allowing reinvestment of all your equity in to one or several investment properties. In these transactions, 1031 exchange companies (Qualified Intermediaries) are required by the IRS to hold onto the cash proceeds until investors identifies the new replacement property and closes escrow within 180 days. Since exchange companies are not regulated at both State and Federal level with the exception the State of Nevada, increasingly, there are more and more abuses committed by such companies out there. … (0 comments)
Self-directed IRA transactions, investments, retirement administrator. Over 20 years of experience, and have performed over 5000 transactions passing all IRS audits and reviews. Adelphi Retirement Management, Inc.
If you were to exchange your investment property utilizing the benefits of IRC Section 1031, you can defer the tax on the gain, allowing reinvestment of all your equity in to one or several investment properties. ;)
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