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Daily Archives: October 15, 2017

Six Tips For Identifying Your 1031 Exchange Property – Part 1

The IRS is strict when it comes to applying the rules governing 1031 exchanges. Every year, hundreds of proposed exchanges fail because the investor fails to meet one of the requirements set forth in the code. One of the biggest areas where mistakes are made? Identifying the replacement property. To make sure you don’t make a misstep here and jeopardize your next exchange, we offer our top tips for identification. Tomorrow, we will share our final tips. 3 Property Rule – There are different rules that set forth how many possible replacement properties may be identified by an investor, but most follow this rule. It allows an investor to identify […]