|
From RealEstateColorado.net Resources & Links Nine Steps to a Successful Tax-Deferred Exchange
4. Pursuant to Exchange Agreement, Taxpayer transfers Relinquished Property to buyer, and escrow agent disburses net proceeds from sale to 1031 S&S. 5. Within 45 days from transfer of Relinquished Property, Taxpayer identifies alternative "Replacement Property(ies)". 6. Taxpayer signs contract(s) to purchase "Replacement Property(ies)" from Seller(s). 7. Taxpayer assigns Replacement Property contract(s) to 1031 S&S. 8. Within 180 days from transfer of Relinquished Property, 1031 S&S purchases Replacement Property(ies) using net exchange proceeds, with legal title transferred from seller directly to Taxpayer. 9. At end of 180 days period, 1031 S&S sends Taxpayer all earned interest and any remaining net proceeds. Special Circumstances Requiring Additional Planning * Exchange Among "Related Parties" * Partnership Redemption Issues and TICs * Is the Property "Real" or "Personal" * Mixed-Asset or Mixed-Use Properties * Receipt and Treatment of Buyer's Promissory Note * Exchanging Intangible Assets * "Reverse" and Build-To-Suit
RealEstateColorado.Net, Inc. is available to assist Exchangers and their advisors with their exchange strategies. The Exchanger is always advised to discuss the intended exchange with their legal or tax advisor. RealEstateColorado.Net, Inc or it's Brokers cannot provide advice regarding specific tax consequences. Investors considering an IRC 1031 tax deferred exchange should seek the counsel of their accountant and attorney to obtain professional and legal advice. Click on the link to our Secure Loan Server for a Colorado Home Loan If you have a real estate or mortgage question and or would like immediate assistance, please email us. One of us will respond faster then you expect. For additional resources visit: Send a Free Colorful Colorado Post Card Search for Homes and Land in the Summit County MLS Denver Real Estate Breckenridge Colorado Real Estate Boulder Colorado Real Estate Colorado Springs Real Estate Ft Collins Colorado Real Estate Aurora Colorado Real Estate Colorado Homes for Rent Attention Landlords and Property Management Companies.... Post a Full WEB PAGE AD and POST up to 5 PHOTOS for FREE! of your Colorado investment property on one of the best resources on the internet for Colorado investors to find good quality tenants ! Search For FREE! "Use Your Mouse to Rent Your House" tm Denver Real Estate Blog Find Denver CO Real Estate News Denver Colorado Homes in our Denver real estate Blog Breckenridge Real Estate Blog Search Breckenridge Real Estate News on Breckenridge Colorado homes with our Breckenridge Blog © Copyright 2004 by RealEstateColorado.net |
