Parts One and Part Two of this missive will discuss some of the advantages and disadvantages of Delaware Statutory Trusts (DSTs).
Parts One and Part Two of this missive will discuss some of the advantages and disadvantages of Delaware Statutory Trusts (DSTs).
There are a number of “exchange expenses” that will reduce the realized gain and recognized gain on a Section 1031 Exchange.
What happens if two or more taxpayers own property together, as tenants in common, and decide that they want to go their separate ways?
What happens to the 1031 Exchange validity when a transactional mistake causes a violation of IRS 1031 Exchange rules?
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 disbursement rules?
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.
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.