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November 22, 2023

Navigating 1031 Exchanges with Related Parties: What You Need to Know

Engaging in a 1031 exchange can be a powerful strategy for deferring capital gains tax, enabling investors to maximize the growth of their wealth. However,
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Video Resources

This video explains how long you have to complete a 1031 exchange
How long do I have to complete my 1031 exchange?
YouTube Video UEw1R2hxSFZib0hnUjNaXzhEZW1uWlR1MXNPSzRYNTJsNy41NkI0NEY2RDEwNTU3Q0M2

How long do I have to complete my 1031 exchange?

This video explains that any US taxpayer - whether an individual, married couple, trust, partnership or corporation - is eligible to do a 1031 exchange.
Who is eligible to do a 1031 exchange?
YouTube Video UEw1R2hxSFZib0hnUjNaXzhEZW1uWlR1MXNPSzRYNTJsNy4yODlGNEE0NkRGMEEzMEQy

Who is eligible to do a 1031 exchange?

This video explains that only property used for business, rental or investment purposes can be used for a 1031 exchange.
What property works for a 1031 exchange?
YouTube Video UEw1R2hxSFZib0hnUjNaXzhEZW1uWlR1MXNPSzRYNTJsNy4wMTcyMDhGQUE4NTIzM0Y5

What property works for a 1031 exchange?

This video explains that for purposes of a 1031 exchange, all real estate is like kind to all other forms of real estate.
What does Like Kind mean?
YouTube Video UEw1R2hxSFZib0hnUjNaXzhEZW1uWlR1MXNPSzRYNTJsNy41MjE1MkI0OTQ2QzJGNzNG

What does Like Kind mean?

This video explains that a 1031 exchange can now only be used for real estate, but it can be used for any type of real estate including tenant in common interests, fractional mineral interests, Delaware Statutory Trusts (DSTs), and more.
Are there any types of property that I can't use a 1031 exchange for?
YouTube Video UEw1R2hxSFZib0hnUjNaXzhEZW1uWlR1MXNPSzRYNTJsNy4wOTA3OTZBNzVEMTUzOTMy

Are there any types of property that I can't use a 1031 exchange for?

This video explains that you do need a 1031 exchange agent or qualified intermediary to conduct your 1031 exchange.
Do I need an exchange agent?
YouTube Video UEw1R2hxSFZib0hnUjNaXzhEZW1uWlR1MXNPSzRYNTJsNy4xMkVGQjNCMUM1N0RFNEUx

Do I need an exchange agent?

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