1031 Exchange FAQ Blog

Yes, you may have some tax problems here on the 1031 Exchange of this property. Under the bargain sale concept, property sold at less than fair market value is treated as a gift of the difference between the sales price and actual value. Here is an example of how it works: Mother sold land to [...]

A Replacement Property is considered identified before the end of the 1031 Exchange 45-day identification period only if the following requirements are satisfied. However, any Replacement Property you receive before the end of the identification period will in all events be treated as identified before the end of the identification period. A Replacement Property is identified [...]

Real Estate notes  are always excluded from 1031 Exchange treatment and will not qualify. Sometimes you have property you want to sell yet some of the items do not qualify for 1031 treatment. A transfer of that property in an exchange transaction will be treated as a sale of that property. Section 1031 excludes these [...]

Yes, you can! One of the biggest problems presented with structuring a 1031 exchange is the issue of title. Almost all exchanges require the exchanger to take title to the Replacement Property in the mode the exchanger held title on the Relinquished Property. What that means is the same entity commencing the exchange must be [...]