๐ญ. ๐ฌ๐ผ๐ ๐ฐ๐ฎ๐ป ๐ผ๐ป๐น๐ ๐ฒ๐ ๐ฐ๐ต๐ฎ๐ป๐ด๐ฒ ๐ถ๐ป๐๐ผ ๐๐ต๐ฒ ๐๐ฎ๐บ๐ฒ ๐ฝ๐ฟ๐ผ๐ฝ๐ฒ๐ฟ๐๐ ๐๐๐ฝ๐ฒ ๐ฎ๐ ๐๐ต๐ฒ ๐ผ๐ป๐ฒ ๐ฏ๐ฒ๐ถ๐ป๐ด ๐๐ผ๐น๐ฑ.
Myth: There are more than 16 different type of property you can swap in and out of
๐ฎ. ๐ฌ๐ผ๐ ๐ต๐ฎ๐๐ฒ ๐๐ผ ๐ฒ๐ ๐ฐ๐ต๐ฎ๐ป๐ด๐ฒ ๐ฝ๐ฟ๐ผ๐ฝ๐ฒ๐ฟ๐๐ถ๐ฒ๐ ๐๐ถ๐๐ต ๐๐ต๐ฒ ๐๐ฎ๐บ๐ฒ ๐ถ๐ป๐ฑ๐ถ๐๐ถ๐ฑ๐๐ฎ๐น.
Myth: You can sell to one person or entity and purchase from a completely different person or entity – just like you do in any other real estate transaction.
๐ฏ. ๐ฌ๐ผ๐ ๐ต๐ฎ๐๐ฒ ๐๐ผ ๐ฏ๐๐ ๐๐ผ๐บ๐ฒ๐๐ต๐ถ๐ป๐ด ๐๐ต๐ฎ๐ ๐ฐ๐ผ๐๐๐ ๐บ๐ผ๐ฟ๐ฒ ๐๐ต๐ฎ๐ป ๐๐ต๐ฎ๐ ๐๐ผ๐ ๐ฎ๐ฟ๐ฒ ๐๐ฒ๐น๐น๐ถ๐ป๐ด.
Myth: You can purchase a replacement property for less than your relinquished property and still receive some 1031 tax benefits.ย However, if you seek full tax deferral, you will have to purchase property of equal or great value than the net selling price of your relinquished property.
๐ฐ. ๐ช๐ต๐ ๐ฏ๐ผ๐๐ต๐ฒ๐ฟ? ๐ฌ๐ผ๐โ๐น๐น ๐ต๐ฎ๐๐ฒ ๐๐ผ ๐ฝ๐ฎ๐ ๐๐ฎ๐ ๐ฒ๐ ๐๐ผ๐ผ๐ป๐ฒ๐ฟ ๐ผ๐ฟ ๐น๐ฎ๐๐ฒ๐ฟ.
Myth: If you keep rolling one 1031 exchange into another until your time on Earth is up, you will not only have deferred taxes on your gains each time, but you will have accomplished the seemingly impossible: avoiding taxes altogether. How is this? Because when your properties pass to your kin, they get a step – up in basis, effectively making a lifetime worth of gins invisible to the US Government
๐ฑ. ๐ญ๐ฌ๐ฏ๐ญ ๐ฒ๐ ๐ฐ๐ต๐ฎ๐ป๐ด๐ฒ๐ ๐ฎ๐ฟ๐ฒ ๐ฐ๐ผ๐บ๐ฝ๐น๐ถ๐ฐ๐ฎ๐๐ฒ๐ฑ ๐ฎ๐ป๐ฑ ๐๐ผ๐ผ ๐ฐ๐ผ๐ป๐ณ๐๐๐ถ๐ป๐ด ๐๐ผ ๐ฏ๐ฒ ๐๐ผ๐ฟ๐๐ต ๐ถ๐
Not with 1031 Specialists as your Qualified Intermediary – 95% of what we do is educate to make sure you reach your investment goals. We have accomplished 100% of all our clientโs 1031 exchange needs.
