1031 Tax Exchanges Part 11

By
Real Estate Agent with Keller Williams Miami Beach

Accommodators it is Real Estate Exchange Services, Inc.'s responsibility to counsel with the exchanger, structure the exchange, prepare the documentation, coordinate the closing (for the exchange portion of the transaction) and maintain preparation for IRS audit.

This is all I have on 1031 Tax Exchanges. If you need help you can e-mail me at lucastaylor@century21beggins.com.

 

Comments (19)

Joni Bailey
101 Main St. Realty - Huntsville, TX
Your Huntsville / Lake Livingston Area REALTORĀ®

Yikes. What is an accommodator? 

Aug 09, 2012 02:00 PM
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Lucas -- in California the term accomodator has been replaced by Qualified Intermediary to properly assist those participating in a 1031 exchange.   

Aug 25, 2012 03:14 AM
John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

Hi Lucas,  We use the term Intermediary here in NM as well.  Same thing only different I suppose.  Everybody has their role in a 1031 Exchange.

Aug 27, 2012 02:26 AM
Al & Peggy Cunningham, Brokers
RE/MAX West Realty Inc., Brokerage - Brampton, ON
Our Family Wants To Help Your Family!

When it comes to taxes, all we know is, whatever you call them, pay them! Have a great day!

Aug 27, 2012 10:39 AM
Chris and Dick Dovorany
Homes for Sale in Naples, Bonita Springs and Estero, Florida - Naples, FL
Broker/Associate at Premiere Plus Realty

We were quite successful with 1031 exchanges before the crash but now, NOTHING.  Wonder why?

Aug 30, 2012 04:21 AM
Charles Stallions Real Estate Services
Charles Stallions Real Estate Services Inc - Gulf Breeze, FL
Buyers Agent 800-309-3414 Pace and Gulf Breeze,Fl.

I was wondering if you do a lot of these ours seem to have dried up. Good luck and Happy Selling

Sep 04, 2012 01:33 PM
Charles Stallions Property Manager
Charles Stallions Real Estate Services - Pace, FL
Pensacola, Pace & Gulf Breeze Property Management

Lucas I have been following your post and they seem to be very helpful as well.

Sep 14, 2012 01:06 PM
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 04:10 PM
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Lucas,  echoing Micheal's comment. It is interesting how we have to keep up with the changes on so many different levels, not just 1031 exchanges on a local and regional level...also about ordinances, regulation changes the list goes on and on...

Sep 23, 2012 01:22 AM
Cheryl Ritchie
RE/MAX Leading Edge www.GoldenResults.com - Huntingtown, MD
Southern Maryland 301-980-7566
I have not had this in a long time. Good idea for a series. You can take my Evernote idea and add photos and video pronto to these posts even on an iPad! It takes seconds with a cheat sheet.
Sep 23, 2012 11:42 PM
C. Lloyd McKenzie
Living Albuquerque - Albuquerque, NM
Living Albuquerque

Good Evening Lucas:

Interesting Series. I will definitely checkout the rest of the series. I am not licensed in FL , so I would not have picked up on the "Accommmodator' A qualified Intermediary is what's  used in NM

Sep 25, 2012 10:28 AM
Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living
Hi Lucas, regardless of what they may be called in different states, it's definitely advisable to work with the professionals when planning on doing a 1031 exchange. Thanks for the info.
Sep 26, 2012 10:17 AM
Richard Wilson
Cherry Creek Properties, LLC - Colorado Springs, CO
Town or Country, in Colorado, we do it all.

Hey Lucas, Thanks for the info, I'll have to read the rest of your blogs!

Sep 30, 2012 01:09 AM
Ann Hayden 636-399-7544
Berkshire Hathaway HomeServices Select Properties-St. Louis Missouri - Chesterfield, MO
SelectAnn.com

Lucas,

This sounds like a good niche.

Ann Hayden in Wildwood, MO

Oct 01, 2012 11:28 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Looking for your current posts.

Have a great week.  Be sure to have your camera in hand to capture the special moments that you will wish to share.

Oct 01, 2012 10:34 PM
Sharon & Bruce Walter
Keller Williams Realty Lafayette, IN - Lafayette, IN
West Lafayette homes for sale

Lucas, I am wondering if the 1031 tax exchanges have slowed down this year with the the capital gains rate increasing on New Years Day and beyond.  Are people taking their money and running?

Oct 05, 2012 09:52 AM
Joy Daniels
Joy Daniels Real Estate Group, Ltd. - Harrisburg, PA

I am definitely going to go through and read all of 11 of your posts on the 1031 tax exchange because it something I definitely want to learn about.  Thanks for sharing!

Oct 11, 2012 01:27 PM
Beth and Richard Witt
Long Island Cash Home Buyer - Center Moriches, NY
Long Island Cash Home Buyer 516-330-6940

Hey Lucus... welcome to the rain and thanks for stopping by... Not sure about the 1031 tax exchange but I'm sure Rich is... Happy Day

Oct 16, 2012 06:06 AM
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.
Dec 01, 2012 05:44 AM