1031 Exchange

1031 Exchange Question of the Month: “Should I Contact a QI Before or After I Sell My Property?”

1031 exchanges enable you to reduce or eliminate taxes on the sale of business or investment real estate. If you want to sell one business or investment property (the “relinquished property”) and purchase a “like-kind” replacement property within 180 days of the sale, structuring these two transactions as a 1031 exchange can enable you to [...]

A DST Can Add Flexibility to a 1031 Exchange

Earlier this year we wrote about the growing market for 1031 exchanges using DST (Delaware Statutory Trust) investments as replacement property. Since then, interest in DST solutions continues to grow as it adds flexibility to a 1031 exchange. A number of prospective 1031 exchange clients have shown interest in getting out of the property management [...]

Growing Market for 1031 DST (Delaware Statutory Trust) Investments

Originally published in the New England Real Estate Journal. Read the Original Article As part of the Tax Cuts and Jobs Act enacted in late December 2017, the definition of eligible property for Section 1031 exchanges was changed dramatically. After many decades of allowing exchanges of personal (i.e., non-real) property, Section 1031 treatment is [...]

NES Financial Selected as Preferred 1031 Exchange Accommodator and Opportunity Zone Fund Administrator to The Wealth Engineering Alliance

NES Financial has been selected as a preferred service provider to The Wealth Engineering Alliance (WEA), a division of The Financial Engineering Institute (FEI), and their client network of more than 2,200 wealth management firms. This agreement secures NES Financial’s place on WEA’s Expert Sourcing Team — a collection of financial service providers deemed best [...]

1031 Exchanges: Time’s Up! … Or Is It?

Understanding the nuances of Section 1031 can make or break the success of your exchange especially 1031 exchange processing times. Although IRC Section 1031 exchanges may seem simple, that’s not always the case.  Here’s one example of a common misconception that can disqualify an otherwise straightforward 1031 exchange: How many times have you heard that you [...]

Under New Tax Law, 1031 Exchanges Limited to Real Estate Alone

The Tax Cuts and Jobs Act of 2017 was enacted into law late last month which allowed investors to complete a 1031 exchange through real estate, aircraft, and other miscellaneous properties.. And although there was some discussion, as tax reform proposals went through their various iterations last year, of either repealing 1031 or allowing full [...]

Triple Net Leases and 1031 Exchange: An Interview with Alan Fruitman

We recently had the opportunity to talk Triple Net leases and 1031 with Alan Fruitman — a 25-year veteran of the real estate industry and a specialist in NNN (“Triple Net”) properties. Alan is the author of The NNN Triple Net Property Book and the founder of 1031tax.com, which maintains a subscription-only NNN property [...]

2019-08-22T18:14:50-08:00September 13th, 2017|Categories: 1031 Exchange, Blog|Tags: , , |

Why Having an Industry Leading Qualified Intermediary in 1031 Exchanges is a Step Towards Success

If you are a real estate broker, we realize that your customers are important to you and that is why it is more important than ever to have an industry leading Qualified Intermediary with experience and expertise in both Forward 1031 Exchanges and Reverse 1031 Exchanges. Because no two commercial real estate 1031 Exchanges are [...]

Selecting the Right Qualified Intermediary in a 1031 Exchange

Given the unpredictable state of today’s economy, many companies are selling business or investment property and buying other investment assets. By using a 1031 exchange in this process, companies can defer capital gains and depreciation recapture taxes. One of the requirements of using a 1031 exchange is that funds must be held in banks [...]

What’s Unique About a Reverse 1031 Exchange?

While a forward 1031 exchange allows you to first sell your investment property and then buy another one, reverse 1031 exchanges does just the opposite. So if you identify a property you want but still haven't sold your existing one, that is okay. A 1031 reverse exchange can be done for a variety of assets and [...]

2019-10-29T09:37:58-08:00November 9th, 2016|Categories: 1031 Exchange, Blog|Tags: , , |