1031 Properties: Understanding the Requirements

Many people avoid the potential benefits of owning 1031 properties because they simply do not understand what does and does not qualify. There is some degree of ambiguity to the language that can be confusing. Let’s cut through some of the confusion to help you better understand. 1031 Exchanges and Like Properties One thing that … Read more

Vacation Home Exchanges Clarified

Vacation Homes have long been a source of angst among exchangers and their advisors because of the lack of guidance on whether they qualify as an investment property for IRC ยง1031 purposes. In the past, exchangers readily exchanged ‘second homes’ based on the claim that in addition to enjoying the vacation home personally, they also … Read more