Avoiding tax on "boot" used for repair.(real property tax-free exchanges)

The Tax Adviser;  February 1, 1999 ;     389 words ......sale of the relinquished property to repair or remodel the replacement property. The proceeds...debt on the relinquished property and the replacement property would need...title to the replacement property and, within...sale of the relinquished ...

HOUSING COUNSEL; IRS Allows Greater Flexibility in Starker Property...

The Washington Post;  October 21, 2000 ;     700+ words ......where the replacement property is acquired before the relinquished property is transferred...basis of the relinquished property becomes the basis of the replacement property; in simple...sale of the relinquished property and bought the replacement ...

Reverse like-kind exchange safe harbor.(IRS policy)

The Tax Adviser;  March 1, 2001 ;     700+ words ......as either replacement property or relinquished property for Sec...in which replacement property is acquired before the relinquished property is transferred...represents either replacement property or relinquished property. 3. No later...

Buying Property First in a 'Reverse Starker' Exchange Is a Legal but...

The Washington Post;  September 20, 2003 ;     700+ words ......which the replacement property is acquired before the relinquished property is transferred...sale of the relinquished property and purchased the replacement property for $200...to buy a replacement property before you sell your relinquished ...

Careful Planning Helps Avoid Tax on Property Swaps

The Washington Post;  February 15, 2003 ;     700+ words ......basis of the relinquished property becomes the basis of the replacement property. Congress...sold the relinquished property and the time...obtained the replacement property. So it set...conditions: The relinquished property transferred and the ...

Life-kind real estate exchanges under IRC section 1031

The CPA Journal;  November 1, 2001 ;     700+ words ......sale of the relinquished property. Furthermore...acquisition of the replacement property must be completed...sale of the relinquished property. The rules...identifying replacement property. An exchanger...sale of the relinquished property and the purchase ...

Deferring Capital Gains Tax in 'Like-Kind' Exchanges

The Washington Post;  January 22, 2005 ;     700+ words ......sell the relinquished property, and within...obtain the replacement property. Reverse...IRS the "relinquished property") and the...property ("replacement property") must be...identify the replacement property no later...after the relinquished ...

Starker Exchanges Can Be Tricky

The Washington Post;  August 6, 2005 ;     700+ words ......called the "relinquished property." The new...called the "replacement property." Let's look...the day the relinquished property is sold...identify the replacement property and advise...basis of the relinquished property becomes the basis of the ...

Seeking shelter? 1031 exchange might be just what you need.(BUSINESS & TAX...

Wenatchee Business Journal;  February 1, 2006 ;     700+ words ......sale of the relinquished property are held until a suitable replacement property can be secured...suitable replacement property but have not yet sold your relinquished property. In this...suitable replacement property after you...transferred the ...

Commentary: '1031' may allow for deferral of taxes

Daily Journal of Commerce (Portland, OR);  May 9, 2008 ;     562 words ......sale of the relinquished property. The term...qualifying replacement property in order...into the replacement property. On a subsequent...sale of the relinquished property previously...consideration is the replacement property. In order...like-kind" to the ...

Safe Harbor for Vacation-Home Exchanges, If You Follow the Letter of the...

The Washington Post;  April 12, 2008 ;     700+ words ......called the "relinquished property") and buys...value (the "replacement property") but uses...identify the replacement property within 45...settlement on the relinquished property. The identification...value of the relinquished property or ...

Rulings relax related-party exchange rules.

The Tax Adviser;  July 1, 2007 ;     700+ words ......that the replacement property generally...disposition of the relinquished property or, in the...taxpayer as replacement property within 180...transferred relinquished property to a QI in exchange for replacement property owned by...property ...

A Tax Tutorial for the Real Estate Investor

The Washington Post;  February 2, 2008 ;     700+ words ......sell the relinquished property, and within...obtain the replacement property. A reverse...calls the "relinquished property") and the exchange ("replacement") property must be...identify the replacement property no later...after the relinquished ...

LIKE-KIND EXCHANGES: THE BASICS AND BEYOND*

Petroleum Accounting and Financial Management Journal;  July 1, 2005 ;     700+ words ......transfer the replacement property of equal value...identified replacement property within 45 days...acquired the replacement property in 180 days...growth of the replacement property industry. The...interests as replacement property in 1031 exchanges...who ...

Like-Kind Exchanges Can Be Thorny

The Washington Post;  January 28, 2006 ;     700+ words ......finding the replacement property to be exchanged...with the relinquished property can be very...IRS the "relinquished property") and the...property ("replacement property") must be...identify the replacement property no later...after the ...