1031 Tax Exchanges Part 10

By
Real Estate Agent with Keller Williams Miami Beach

Remember! Exchanges must be reported in the tax year that the relinquished property was closed, regardless of the tax year the acquisition property was closed.

The Internal Revenue Code Section 1031 is only one page in the total code, however the Rules and Regulations are more than 65 pages with hundreds of Private Letter Rulings. As members of the Federation of Exchange

Comments (4)

Maureen Bray Portland OR Home Stager ~ Room Solutions Staging
Room Solutions Staging, Portland OR - Portland, OR
"Staging Consultations that Sell Portland Homes"
 

Thank you for the great education. I learned so much from your post.

Sep 21, 2012 04:11 PM
Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in Southern RI and beyond

Lucas, this is a great point that many people may miss if they don't have the right guidance...

Sep 24, 2012 10:41 AM
C. Lloyd McKenzie
Living Albuquerque - Albuquerque, NM
Living Albuquerque

Hi Lucas.  You have definitely provided some excellent insight on the subject of 1031

Sep 28, 2012 06:39 PM
1~Judi Barrett
Integrity Real Estate Services 118 SE AVE N, Idabel, OK 74745 - Idabel, OK
BS Ed, Integrity Real Estate Services -IDABEL OK

Thank you for the great education. I learned so much from your post.

Oct 13, 2012 10:28 AM