You just gotta love technology. The ability to cover a topic like 1031 quickly and efficiently is just amazing. But for goodness sakes. I wish that I could press a button and blast this message out to the whole world with one click…to all the investors, real estate brokers, accountants, lawyers. I got another phone […]
It’s tough out there right now. To make matters worse, in the past year hundreds of taxpayers who trusted their money, sometimes their life savings, to Qualified Intermediaries to take advantage of Section 1031, lost it all. A good Qualified Intermediary will have safeguards and policies in place to ensure your Exchange funds are there […]
While Section 1031 has been in the Internal Revenue Code since 1921, it has been enhanced and expanded numerous times since inception. The 1991 regulations provided several “safe harbors” to protect transactions from being disallowed. These “safe harbors” define the edge of safety and effect when an exchangor is entitled to the receipt of exchange […]
