Inthe summer of 1990, the Internal Revenue Service announced the long awaited rules on Tax Deferred Exchanges. Section 1.1031 of the IRS Code laid out in detail the procedure for turning a sale and ...
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Written by admin on May 7th, 2011
Written by admin on May 7th, 2011
A tax deferred exchange represents a simple, strategic method for selling one qualifying property and the subsequent acquisition of another qualifying property within a specific time frame.Although the logistics of selling one property and ...
Written by admin on May 5th, 2011
1031, tax, exchange, services,real estate, property,misconceptionsThe Exchangor has a maximum of 180 days from the closing of the relinquished property or the due date of that year's tax return, whichever occurs first, to acquire ...
Written by admin on May 5th, 2011
Learned Hand earned the distinction as the "tenth Justice of the Supreme Court" by penning opinions that would be quoted by lawyers and laymen alike. In 1934, Circuit Court of Appeals Judge Hand wrote ...
Written by admin on May 4th, 2011
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 ...