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Vacation-Second Homes and 1031 Exchanges

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”...

Counting 1031 Exchange Timeline Days

  Counting correct 1031 Exchange timelines is critical to successful transactions. Today we discuss the issue of when the 45-day (for Identifying) and 180-day (last day to close on the purchase of replacement property) timelines in a Section 1031 exchange begin....