A qualified property in a 1031 tax deferred exchange
Both personal and real properties can be considered the qualified properties for a 1031 tax-deferred exchange. A property, which s held for productive use in a business/trade or for investment purpose is eligible for exchange. But, there are some property types that are not qualified for the exchange. These types include: Certificates of trust […]
Major Parties involved in a 1031 exchange
When we talk about a 1031 tax exchange, four major properties participate in the exchange: the taxpayer, the intermediary, the buyer, and the seller. Apart from these, the advisors and real estate agents offer their support services during the exchange. Lets check the roles of the major participants in an exchange. The taxpayer He/she is […]