REVERSE EXCHANGES A reverse exchange is a transaction in which the taxpayer acquires replacement property before selling the relinquished property. This is often done in cold markets where a

DEFINITIONS Taxpayer. The person or entity carrying out the exchange. Relinquished Property. The property being exchanged. Replacement Property. The property being acquired in the exchange. Buyer. The buyer of the

Clients often ask whether they can use exchange funds to alter or renovate replacement property. The answer is no! Improvements to real estate are personal property until installed and they

Code Section 1031 has existed since the dawn of the income tax in the original Revenue Acts of the 1920s. It has remained virtually unchanged since its inception in the

If you are starting a new business one of the first things you will do is to form an entity. There are several choiees of entity and each has its

Section 1031 exchange is a household word among real estate investors. Having written a 250-page book on it I can tell you there is a lot to know. This is