Top Misconceptions About 1031 Exchanges for 2022
…can purchase my Replacement Property (RPL) from someone in my family. For example, my brother. DEPENDS Buying the RPL from a person or entity classified as a “Related Party” requires…
…can purchase my Replacement Property (RPL) from someone in my family. For example, my brother. DEPENDS Buying the RPL from a person or entity classified as a “Related Party” requires…
…or accounting related services (or any service not exchange-related) in the two-year period before the exchange, they are disqualified and may not act as the Qualified Intermediary. Your use of…
…or family members? Read if a potential related party issues could exist and how to avoid problems. Considering selling a property that is jointly owned with a friend or family…
…related services. STEP 2 In all types of exchange transactions, always instruct your real estate agent to include an “Exchange Cooperation Clause” as an addendum to the purchase and sale…
…rent, but would not include use as a related party’s primary residence if the related party pays rent at a fair market rate. Adams v. C.I.R., T.C. M. 2013-7. CLICK…