Liberty 1031 Blog
Basic and Advanced Missives and Case Studies That Illustrate Successful Liberty 1031 Exchange Strategies.
CAN A SIMPLE MISTAKE INVALIDATE A SECTION 1031 EXCHANGE?
What happens to the 1031 Exchange validity when a transactional mistake causes a violation of IRS 1031 Exchange rules?
1031 Exchange Timeline Extensions Issued Due to COVID-19 Disaster
The good news is that IRS has issued 1031 Exchange Timeline Extensions on some 1031 deadlines. But the notice (Notice 2020 - 23) was not written like the past Disaster Relief Notices, so there may be more clarification to come. Last week I informed you of the work...
How COVID-19 Affects 1031 Exchange Deadlines
CAN THE GOVERNMENT GIVE AN EXTENSION TO THOSE PARTIES IN A SECTION 1031 EXCHANGE AS A RESULT OF THE CORONAVIRUS? Yes. Federal law permits the IRS to grant taxpayers affected by a federally declared disaster additional time to perform certain time-sensitive acts As...
What Happens When a 1031 Exchange Fails to Complete?
Clients ask "What if the 1031 Exchange Fails to Complete?" Over the past month, three attorneys have asked the same question; When can the Exchanger receive their funds back when a 1031 Exchange transaction fails to complete properly? What are the 1031 Exchange...
1031 Exchange Disbursement Rules
What Happens When 1031 Exchanges Fail to Complete? My primary goal as a Qualified Intermediary (QI) is to ensure that our client engages in a successful 1031 exchange, resulting in deferred capital gains taxes, etc. 1031 Exchanges are not successful every single...
1031 Exchange Investing – One Marine’s Path to Financial Security
The Leverage of 1031 Tax Deferral is Available to All Investors As the Internal Revenue Code’s Section 1031 becomes more widely known across the country, many investors are discovering the advantages of 1031 Exchange investing. Yet, some misinformed investors...
Vacation-Second Homes and 1031 Exchanges
Can you use 1031 Exchanges for vacation-second homes? The answer is “yes” but there are very specific rules to follow.
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....
Section 1031 Exchange vs. Section 1033 Conversion
So far this year, our office has had four clients who have had their property taken by a governmental agency through eminent domain proceedings. So, let’s briefly discuss some of the questions they should have asked and the information their financial...
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...
About Stephen A. Wayner, Esq., CES
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. Reach Us
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