Section 1031 Exchange Refinance One of the major train wrecks that occur in the Section 1031 Exchange world is when someone thinks they can just get all of their equity out of the Relinquished Property or the Replacement Property with a cash-out refinance, and still...
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1031 Exchange Rules
5 articles
Can I Still Use Section 1031 to Sell My Investment Property Even If That Was Not My Original Intent When I Bought It?
Section 1031 Intent “Intent” is the most misunderstood concept in all of Real Estate Investing using a Section 1031 Like Kind Exchange. Because of misinformation on blogs and real estate forums, there is a widespread belief that when you buy real property, you must...
What Are the Rules for Doing a Section 1031 Exchange?
If you are seeking this guidance because you are in a contested situation with the IRS, such as dealing with a notice of a mistake on your tax return, or even asking to explain a certain entry, then you should read and understand Internal Revenue Code Section...
What Does a Qualified Intermediary Do in a Section 1031 Exchange?
The Qualified Intermediary provision of the Section 1031 Like Kind Exchange is the only flaw in an otherwise perfect system. But it is a fatal flaw. Whatever you do, do not sign any document turning over your Net Sales Proceeds to a Qualified Intermediary to put into...
Can I Use Section 121 Along with a Section 1031 Exchange to Defer Even More Taxes?
Combining Section 121 and 1031 Section 121 of the Internal Revenue Code is the best of all IRS Tax Code sections for the regular taxpayer. Section 1031 is the best for the real estate investor. Together, Section 121 and Section 1031 could be used to completely...