When a 1031 Exchange is complete, the Exchanger or their tax advisor will need to include IRS Form 8824 with the Exchanger’s federal tax return for the year the Relinquished Property transferred.
Things to Know for Exchangers
Become a 1031 Exchange Expert: Unleash Your Potential with these Valuable Resources and Educational Videos
Will You Have Taxable 1031 Boot?
Watch this quick tutorial for more information about taxable Boot in a 1031 Exchange.
What IPX1031 Will Need From You Prior to Closing the Replacement Property
Prior to the transfer of the Replacement Property, it is critical that IPX1031 has prepared the proper Replacement Property documentation which will make the Exchanger’s acquisition part of the exchange. Watch this quick tutorial to know what IPX1031 will need prior to close.
Limits on Accessing 1031 Exchange Proceeds
Timing for the Exchanger to access exchange proceeds is regulated by law. Watch the video tutorial here to know when 1031 Exchange funds can be accessed.
