Meeting the identification deadline can be challenging. It’s imperative that you submit your list of replacement property choices within 45 days of your sale and that they be acquired within 180 days, or the due date of your tax return. Here is a quick guide for your reference: Must be within the United States, the […]
Archive | September, 2011
President Declares Disaster in Vermont
Only in certain circumstances are the 45 and 180 day Section 1031 time limits extended.
Alaska, Idaho, South Dakota…..
We Have Another Pin in Our Map! Many of the readers of this newsletter are past clients, clients who we have never met. We hasten to point out that we welcome visits by clients and their advisors, but many of you, upon glancing at a map and noting the location of Littleton have said “Let’s […]
Will Section 1031 Be Around for the Long Run?
At first glance, one might be tempted to say that Section 1031 is an overly generous provision of the tax code whose time has passed. But wait: Section 1031 was first passed into law on March 8, 1921, in the waning days of the Wilson Administration, and has been reviewed and commented upon in nearly […]