1031 Exchange
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1031 Exchange: Five-Year Rule
If real estate tax rules were a sitcom, the 1031 exchange 5-year rule would be the episode where everybody talks over each other and nobody has read the fine print. It gets tossed around constantly, usually with a very confident tone and a very fuzzy understanding. Let’s be real: there is no universal five-year holding…
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1031 Exchange Rules: 2-Year Rule: What It Really Means
Real estate tax rules have a special talent for sounding simple right up until they’re not. The phrase 1031 exchange 2-year rule is a perfect example — it gets tossed around like it applies to every deal, and then everyone ends up squinting at the fine print like it personally offended them. Let’s be real:…
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Qualified Intermediary for a 1031 Exchange: What It Is and Why It Matters
If you’ve ever heard someone say, “We’re doing a 1031 exchange,” and immediately thought, “Cool, cool… but who’s holding the money so the IRS doesn’t come knocking?” — that’s the qualified intermediary (QI). The QI is the quiet professional standing in the hallway with the clipboard while the rest of us try not to trip…
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How Does a Reverse 1031 Exchange Work?
Cue dramatic pause — because yes, real estate can somehow make “buy first, sell later” sound like a tax strategy instead of a chaotic weekend decision. A reverse 1031 exchange lets an investor buy the replacement property first and sell the relinquished property later while still aiming to defer capital gains taxes under Section 1031.…