Steven W.'s Blog

Suggested Due Diligence QuestionsExeter 1031 Exchange Services, LLC has put together some suggested due diligence questions that you should ask prospective 1031 Exchange Qualified Intermediaries.  While there are numerous other issues that should be considered, Exeter 1031 Exchange Services, LLC ...

Sample 1031 Exchange Cooperation ClauseLegal DisclaimerEXETER 1031 Exchange Services, LLC is pleased to provide the following sample 1031 exchange cooperation clause language as a courtesy to you and your legal, tax or financial advisors.The following sample cooperation clauses may not be appropr...

Earnest Money Deposits, Extension and/or Option Payments Released to Investor Before Closing of Relinquished Property Sale Purchase and Sale Contracts ("Sale Contracts") often contain provisions or clauses that provide for the early release (payment) of earnest money deposits, extension payments,...

Domestic Property versus Foreign PropertyProperty sold in one state may be exchanged for property located in another state, provided they are located with the United States of America.  Only domestic (United States) property can be exchanged for domestic property and non-domestic (foreign) proper...

Personal PropertyIn addition to real property, personal property also qualifies for 1031 exchange treatment if the Qualified Use Property Requirements and Like-Kind Replacement Property Tests are met.  You cannot exchange personal property for real property.  State law generally governs the deter...

Properties Held For Sale (Inventory) Properties or assets acquired and held for sale do not qualify as held for investment or used in a trade or business and will typically not qualify for 1031 exchange treatment.  The acquisition of property for the purposes of fixing it up and then selling it, ...

Qualified Use Property: Do Your Assets Qualify for Exchange Treatment?  Your relinquished and replacement properties will qualify for 1031 exchange treatment if they are considered to be qualified use property.  And, once again there is a lot of confusing, misleading and/or inaccurate educational...

Full or Partial Tax Deferral You must satisfy certain requirements in order to defer 100% of your Federal, and in most cases state, capital gain and depreciation recapture income tax liabilities on the sale of your investment property. Generally, for full tax deferral, you must (1) acquire like-k...

Advantages of a 1031 exchange A 1031 exchange allows you to sell your existing property (relinquished property) and purchase more profitable and/or productive properties (like-kind replacement properties) while deferring Federal, and in most cases state, capital gain and depreciation recapture in...

I've been working on my pool for the last couple of weekends, and I have to say it was looking great.  I scrub down the sides and have all the chemicals perfect.  My youngest son, who has DOWNS SYNDROME, was faithfully by my side the entire time, as we cleaned the pool and put the chemicals in.  ...