Meet The 6 Requirements For Your 1031 Exchange to be Successful скачать в хорошем качестве

Meet The 6 Requirements For Your 1031 Exchange to be Successful

A 1031 Exchange can change the trajectory of your investing career, but to use this tax tool you must ensure you meet six IRS requirements. Contact us today to learn more or start your exchange. the1031investor.com CONNECT with us Website: https://www.the1031investor.com/ LinkedIn:   / the-1031-investor   Facebook:   / the1031investor   Twitter:   / davefoster1031   BiggerPockets: https://www.biggerpockets.com/users/d... ABOUT The 1031 Investor, Dave Foster Dave is a degreed accountant and serial real estate investor who is a qualified intermediary and consultant for tax saving strategies such as the 1031 exchange and the section 121 homestead exemption. Dave breaks down exactly how to use the 1031 exchange in layman’s terms. #1031exchange #1031exchangexplained #whatis1031exchange #the1031investor #davefoster ===== TRANSCRIPT So, with that being said, let's move on to the nuts of bolts of the 1031 exchange and take a look first at the six basic requirements that have to be met in order for your 1031 exchange to be successful. GRAPHIC: THE 6 BASIC REQUIREMENTS 1. Held for Investment 2. 45 Day & Identification Rule 3. 180 Day Rule 4. Qualified intermediary Requirements 5. Title Requirements 6. Reinvestment of Cash / Equal or Up Rule Now, it’s important to note that all six of these have to be met. It's not five or more or three or more. (Even) if you meet more than a half of them, your exchange still fails. It's got to be all six Remember, the IRS has to let you do 1031 exchanges, it's part of the code. But, they don't have to make it easy. Now in these six basic requirements, there's a requirement for the type of real estate, there's a couple of timing rules that you're going to find that you have to meet, there's the requirement to use this critter called the qualified intermediary, then there's some special things surrounding the issues of title - how title must be held - and then, finally, there's our reinvestment requirements. What exactly it is that you have to put back into the game in order to make sure that you get the full amount of tax deferral.