The name on the deed...
What if the lender for the new property is insisting that the loan include my spouse’s name, and that my spouse must also be on…
Continue Reading →What if the lender for the new property is insisting that the loan include my spouse’s name, and that my spouse must also be on…
Continue Reading →Can I buy a share of the new property then immediately transfer my share? I know I cannot sell the old property in my name,…
Continue Reading →One of the basic requirements of a 1031 exchange is that you have to hold both the old property and the new property for investment.…
Continue Reading →Can I sell two properties, and then only buy one new property to complete my 1031 exchange? Yes, you can. In fact, this is a…
Continue Reading →“Can I buy REIT shares as my replacement property?” I often hear about qualified intermediaries saying you can, but what does the IRS say? Absolutely…
Continue Reading →“How do I report my 1031 exchange to the IRS?” IRS Form 8824: This is the official 2-page form that you submit with your federal tax…
Continue Reading →"Can I use exchange funds that are being held by my intermediary for items like earnest money and appraisals prior to the closing of my…
Continue Reading →"I have 45 days to identify replacement property for my exchange. What if I change my identification after the 45 days?" If you change your…
Continue Reading →"The old property that I sold was in the name of my revocable living trust. The lender on my new property won't make a loan…
Continue Reading →News Flash: IRS Gets Tough with Related Party Rules! Two new events are confirming the IRS's determination to put teeth in their related party rules.…
Continue Reading →The IRS's list of QIs... Every year, the IRS considers revisions to their tax forms. Among these is Form 8824 (the form that you attach…
Continue Reading →How do I get an extension to my 45-day deadline? The short answer: you don't. Except in VERY EXTREMELY RARE CIRCUMSTANCES, there is no such thing…
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