Tax Deferred Exchange
Up To 180 Days To Achieve Tax-Free Savings!
Get Flash to see this player.
(Listen Here 3:47 min)
When we speak of a 1031 tax exchange - we are typically talking about a Deferred Exchange.
In a Deferred Exchange a taxpayer conveys (or
sells) the old relinquished-property on day zero of the exchange
timeline, and then has up to 180 days after that date (or the due
date of the taxpayer's federal income tax return, including extensions,
whichever occurs first) to receive the replacement property.
In legal terms, the conveyance must be part of an integrated, interdependent,
mutual, and reciprocal-plan, intended to effectuate an exchange by the
taxpayer of
like-kind property pursuant to the
1031 rule.
To help you understand this process - observe this timeline which demonstrates that both the 45 day time-period and 180 day time-period run concurrently.
1. 180 days after the closing of the relinquished-property.
OR
2. The due-date for your tax return for the taxable year in which the transfer of the relinquished property occurs (including extensions).
Nation Wide Tax-Exchange Services:
|
Call Me Directly (Toll Free) At 1-888-308-1031 For A Free Consultation - Or Click Here
To Start Your Exchange Online Today! |
