1031 Exchange Basics
THE PROBLEM: On a Section 1031 Tax Deferred Exchange, the taxpayer has 45 days from the closing of the sale of the relinquished property, to identify possible replacement properties. Should the taxpayer close on the sale of their relinquished property on or...
1031 Exchange Basics
THE PROBLEM: For a Section 1031 Exchange, where the relinquished property was transferred between October 19, 2016, and December 31, 2016, you might not have a full 180 days to close on your replacement property. The reason lies in Treasury Regulation Section...
1031 Exchange Basics
Disregarded entity is a term that comes up because I frequently get asked whether the taxpayer/exchanger can take title to their Replacement Property in a different name or different legal entity than the name that was held on their Relinquished (sale) transaction. ...
Stephen Wayner is an attorney, Certified Exchange Specialist (CES), and Managing Director of Liberty 1031. Mr. Wayner is recognized as a leading authority on the subject of 1031 exchange transactions. He is a current board member of the Federation of Exchange Accommodators (FEA) and is the author of numerous books and articles on 1031 Exchanges and real estate investing.
Mr. Wayner has been cited as an expert on 1031 Exchanges in publications including USA Today, NewYork Times, Business Week, and The Wall Street Journal among many others.