Click to visit Georgia 1031 Exchange page
Video Transcript
Today we are going to talk about 1031 Exchanges in the state of Georgia. If you’re a non resident selling investment property in Georgia, there’s a withholding you need to be aware of and you need to plan for it at closing. Your settlement agent is going to withhold funds unless you fill out a form stating you get an exemption. And guess what? A 1031 is a valid exemption.
So you’re going to need to work in advance with your settlement agent if you’re a non resident selling investment property in Georgia to make sure the seller’s certificate exemption ITAFF3 is filled out and submitted at closing so they will not withhold funds from you at closing.
Please feel free to give me a call me and we can review it together to ensure you have a successful 1031 Exchange. Thank you.
Understanding the Georgia 1031 Exchange Process
If you have any questions about the Georgia 1031 Exchange process or any other 1031 Exchange topic, please visit our Georgia IPX 1031 web page at www.ipx1031.com/georgia. We’re happy to help.
Click to visit Georgia 1031 Exchange page