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Vacation-Second Homes and 1031 Exchanges

Is it possible to apply a 1031 exchange to defer taxes on gains on vacation-second homes property — a beautiful home in the country, a cozy cottage on a lake, a gorgeous condominium on the ocean, or a rustic cabin in the mountain? The answer is “yes”...

Disaster Relief and 1031 Exchanges

FACTS:   The Exchanger, who lives in Idaho, has closed on its Nevada Relinquished Property ( an investment rental home valued at $350,000) on August 1, 2017.  The Exchanger has timely identified its possible Replacement Property, before the 45th day for identifying...