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Issue #1012 | Word Count: 723 words • Read Time: 3 Minutes

Two Tax Benefits on the Sale of One: Split Treatment of Residential Properties

A common question asked by our clients is whether they can do §1031 Exchange when they sell their primary residence. The off-the-cuff answer is “no”.  Internal Revenue Code §1031 only applies to properties that are “held for productive use in a trade or business...
Issue #1011 | Word Count: 875 words • Read Time: 3 ½ Minutes

Reverse Exchanges: Parking Relinquished Property is Possible but Adds Complexity

Taxpayers can use a Reverse Exchange to avoid the biggest issue they may face in a §1031 Exchange; namely finding suitable Replacement Property in the short 45-day Identification Period after Closing on the sale of the Relinquished Property.  By allowing a...
Issue #1007 | Word Count: 550 words • Read Time: 2 Minutes

Does Seller Financing Kill a §1031 Exchange?

So, you’re involved in a difficult real estate deal. It’s a tough market.  The Sellers think they have gold, and the Buyers think it’s still 2008.  After protracted negotiations, the parties finally agree to terms and want to get to the closing table before...