DO YOU WANT 360 DAYS TO EXCHANGE? – COMBINE A REVERSE EXCHANGE FOLLOWED BY A DELAYED EXCHANGE

SAFE HARBOR GUIDANCE Tax deferred exchanges have been part of the U.S. Tax Code since 1921. Since that time, the government has approved certain methods to structure exchange transactions that are so called “safe harbors.” For example, in 1991 the U.S. Treasury issued final regulations that provided important guidance on the structure of delayed exchanges … Read more

Before Filing Your Taxes – Important Information To Know

YOU MAY NEED TO FILE FOR AN EXTENSION A 1031 exchange is reported on the tax return for the tax year in which the exchange begins, i.e. the tax year the relinquished property is transferred, using IRS Form 8824.  If an investor’s exchange transaction started late in 2010, he may need to file for an … Read more