Steven W.'s Blog

1031 Exchange Structures Simultaneous or Concurrent 1031 Exchange  The relinquished property and the like-kind replacement property close at the same time in a simultaneous 1031 exchange.  Forward or Delayed 1031 Exchange  You close on your relinquished property first and subsequently purchase yo...

Depreciation Recapture You may be required to "recapture" the depreciation deducted by you on your real estate investment property upon the disposition (sale) of the investment property.  This means that you may have to recapture or add back into your taxable income the amount of depreciation tak...

Exchange for Non-Depreciable PropertyWhat a lot of investors don't know.  When depreciable section 1250 property is exchanged for non-depreciable real property, such as raw land, then excess depreciation and 1250 unrecaptured gain is recaptured and is taxable at the time of the exchange, even tho...

Overview of Personal Property 1031 Exchanges1031 exchanges of personal property often include exchanges of corporate and commercial aircraft, aircraft engines and related aircraft and aviation related equipment, shipping vessels, railroad rolling stock, automobile fleets, and trucks and trucking ...

Introduction to Personal Property 1031 ExchangesThere has been a significant increase in the number of personal property 1031 exchange transactions over the last decade, as corporations and individuals alike learn more about the income tax benefits of this powerful tax-deferral strategy.The vast ...

What deadlines apply to a 1031 exchange transaction? The successful completion of a 1031 exchange transaction requires Investors to comply with certain deadlines pursuant to Section 1031 of the Internal Revenue Code, which have been further clarified within Section 1.1031 of the Department of the...

What is a Qualified Intermediary (Accommodator) and do I need one? The Internal Revenue Service will disqualify a 1031 exchange, recharacterize it as a taxable sale, and subsequently assess the depreciation recapture and capital gain income tax liabilities if you have the ability (right) to acces...

What type of property can be exchanged under Section 1031?  Qualifying use property is property that has been or will be held for income production (rental), investment or used in a trade or business. Your personal residence and vacation home are not qualifying use property and do not qualify for...

What does Exeter 1031 Exchange Services do as a Qualified Intermediary? Exeter 1031 Exchange Services, LLC serves you in four very important roles as your Qualified Intermediary or often referred to as the 1031 Exchange Accommodator or 1031 Exchange Facilitator in the real estate industry: 1) We ...

What are the benefits of doing a 1031 exchange versus a sale? 1031 exchange transactions are one of the last remaining strategies available to defer the recognition of capital gain and depreciation recapture income taxes on the sale or disposition of qualifying property. Typically, by selling or ...