The 3-Property Rule in a 1031 Exchange allows investors to defer taxes by identifying up to three potential replacement properties within 45 days after selling their initial property. Regardless of their value, these identified properties provide flexibility in exchanging for new investments, enabling strategic real estate management. … [Read more...] about How to Use the 3-Property Rule in a 1031 Exchange
What Happens if Your 1031 Exchange Replacement Property Falls Through?
If your 1031 exchange replacement property falls through, the exchange fails, and you'll face immediate tax implications on the capital gains from the sale of your relinquished property. Despite the setback, options such as identifying a new property within the timeline or investing in a Delaware Statutory Trust (DST) can help mitigate the impact. … [Read more...] about What Happens if Your 1031 Exchange Replacement Property Falls Through?
How to Know When It’s The Right Time to Do a 1031 Exchange
When it comes time to sell a piece of investment or business real estate, you have a few options at your disposal. You could sell the property and pocket the proceeds, or do a 1031 exchange and defer your capital gains taxes in the process. Deciding between these options can be difficult. In this article, we are going to discuss how to determine when it’s the right time to do a … [Read more...] about How to Know When It’s The Right Time to Do a 1031 Exchange
1031 Exchange Identification Rules: How to Name Replacement Properties Correctly
To correctly name replacement properties in a 1031 exchange, identify them by the end of the 45-day identification period using specific rules, namely the Three-Property Rule, the 200% Rule, or the 95% Rule. The chosen properties must be identified in writing to a Qualified Intermediary to maintain compliance and defer capital gains tax. … [Read more...] about 1031 Exchange Identification Rules: How to Name Replacement Properties Correctly
1031 Exchange Documents – Adobe Acrobat eSign Guide
An essential part of completing your 1031 exchange is ensuring that your documents are signed prior to your closing. In this guide, we will walk you through the eSign process. To sign, you can expect two emails, one from the 1031 team with instructions and one from Adobe Acrobat Sign inviting you to review and sign. Once in the Adobe Acrobat Sign page, you will see text at the … [Read more...] about 1031 Exchange Documents – Adobe Acrobat eSign Guide