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Tag Archives: proceeds

When can I have my 1031 Exchange Proceeds back?

Friday, April 15, 2011

It all depends on whether you have already identified your 1031 exchange replacement properties. If you already have, then you must wait until your 1031 Exchange Period is over before you should collect your money. If you have not yet identified your replacement properties, then you may have your proceeds back, though these would now [...]

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1031 exchange, can proceeds be transfer to another escrow account for property deposit?

Saturday, February 12, 2011

Soon as you enter into your 1031 Exchange Period, which is the time after you close sale on your property and before you close sale on your last Identified 1031 Exchange Replacement Property, your 1031 Exchange proceeds MUST be frozen in your Qualified Intermediary’s Client Trust Account. This means that taking any of those funds [...]

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