Many People Are Unaware That You Can Conduct a 1031 Exchange of Property That You Received As a Gift.

Section 1031 Can Be Used to Defer the Tax When the Gifted Property is Sold:

If you held the gifted property for a qualified purpose, which is for “investment purposes” or for use in your “trade or business”, then you should be able to defer the federal capital gains taxes…

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Have you received property as a gift?

Is the property valuable?

Do you think you might sell the property in the future a big profit?

You may be wondering How is Gain Calculated When You Sell Property That You Received As a Gift: AND HOW TO SAVE MONEY IN TAXES…

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Buyer Beware – Check Out Your QI Before You Sell

Before you hire a qualified intermediary, you should do some checking around to make sure that they have a good reputation and solid track record of satisfied clients.

Here are some easy ways to verify that your dealing with a reputable, experienced QI:…

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Even More Safeguards – Adding a UCC-1 Security Agreement

Want even more safety…Another way to add extra security is to perfect a UCC security interest in both the account held by your FDIC insured bank and in the qualified escrow agreement itself. You can do this by filing a UCC-1 financing statement with the secretary of state where your 1031 monies are deposited…

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More Safeguards – Adding a Qualified Escrow Agent

What other procedures can you use to make sure that your money stays safe. The treasury regulations say that you can use more than one “safe harbor” in the same 1031 exchange…

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