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| Identifying Replacement Property for Your 1031 |
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You've sold your Old Property, and now it's time to identify your New Replacement Property. Enclosed is an Identification Form prepared spe- cifically for your ExpertExchange. Also included are your critical dates and the funds received for your...
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| Can
You Do a 1031 Exchange with Mineral
Interests? |
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An
exchange of your working or royalty interest for another
working or royalty interest qualifies
for a 1031 exchange. For example:
if you sell a working interest
you could replace it with either
another working interest, or with
a royalty interest...
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| What
Is a Construction Exchange? |
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The
first critical rule is that you only have 180 days from
the closing of your old exchange
to equalize your exchange. The
construction of the new building
does not need to be completed
by this time, but you need to
equalize your exchange...
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| What
Is an Improvement Exchange? |
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An
improvement exchange allows you to sell your old property
and use that money to buy a property
that needs a lot of work with
part of your funds, and to use
the remainder of your funds to
fix it up. There are a few critical
things that you need to know...
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