Home
1031 Rules
1031 Forms
FAQ
Contact Us
Links
Search

 
Inside Section
[ Question 1 ] [ Question 2 ] [ Question 3 ] [ Question 4 ] [ Question 5 ] [ Question 6 ] [ Question 7 ] [ Question 8 ] [ Question 9 ] [ Question 10 ] [ Question 11 ] [ Question 12 ] [ Question 13 ] [ Question 14 ] [ Question 15 ] [ Question 16 ] [ Question 17 ] [ Question 18 ] [ Question 19 ] [ Question 20 ] [ Question 21 ] [ Question 22 ] [ Question 23 ] [ Question 24 ] [ Question 25 ] [ Question 26 ] [ Question 27 ] [ Question 28 ]
 

Frequently Asked Questions 

Every Section 1031 Exchange transaction is different. These "Frequently Asked Questions" are intended to answer general inquiries. The application of these principles will depend on the specific facts of each transaction. Always consult a competent Qualified Intermediary, attorney, or tax advisor to determine how an exchange may best be structured to accomplish your investment objectives.

Question  1 What is a Tax Deferred Exchange? Question  2 What Are The Benefits of Exchanging v. Selling? Question  3 What are the different types of exchanges? Question  4 What are the requirements for a valid exchange? Question  5 What are the general guidelines to follow in order for a taxpayer to defer all the taxable gain? Question  6 When can I take money out of the exchange account? Question  7 Can the replacement property eventually be converted to the taxpayer's primary residence or a vacation home? Question  8 What is a Qualified Intermediary (QI)? Question  9 Why is a Qualified Intermediary needed? Question 10 Can the taxpayer just sell the relinquished property and put the money in a separate bank account, only to be used for the purchase of the replacement property? Question 11 If the taxpayer has already signed a contract to sell the relinquished property, is it too late to start a tax-deferred exchange? Question 12 Does the Qualified Intermediary actually take title to the properties? Question 13 What are the time restrictions on completing a Section 1031 exchange? Question 14 What if the taxpayer cannot identify any replacement property within 45 days, or close on a replacement property before the end of the exchange period? Question 15 Is there any limit to the number of properties that can be identified? Question 16 What are the requirements to properly identify replacement property? Question 17 Are Section 1031 Exchanges limited only to real estate? Question 18 What is a "multi-asset" exchange? Question 19 What is a reverse exchange? Question 20 Is a reverse exchange permissible? Question 21 How does a reverse exchange work? Question 22 What happens if the exchange cannot be completed within 180 days? Question 23 Can the proceeds from the relinquished property be used to make improvements to the replacement property? Question 24 What is the difference between "realized" gain and "recognized" gain? Question 25 What is Boot? Question 26 What is Mortgage Boot? Question 27 What is Cash Boot? Question 28 What are the boot "netting" rules?

             Copyright © Universal 1031, Inc.
             All rights reserved

 

    Site created & hosted by Computer Imaging & Applications.
    Contact Webmaster