“Tax Straddles” – Navigating the Complexities of an Exchange Spanning Two Tax Years
November 19, 2025 By: James T. Walther, Esq., LL.M., General Counsel When a taxpayer initiates a 1031 exchange near the end of their tax year, it often extends into the […]
USING A REVERSE 1031 EXCHANGE AS A STRATEGIC INVESTMENT TOOL
As a national 1031 qualified intermediary, our team often receives inquiries regarding whether an investor considering a 1031 exchange can buy a replacement property before they sell (relinquish)? The short […]
Using 1031 Funds for a Deposit
In order for Legal 1031 Exchange Services to use exchange funds for a contract deposit on the replacement property we must first be assigned into the transaction. In order to […]
1031 Exchanges: FIRPTA Made Simple
This document is interactive, please utilize the hyperlinks below which will redirect you to specific IRS.gov webpages for guidance. This article is strictly informational. For inquiries regarding the same, please […]
Same Taxpayer Requirement
In order to qualify for tax deferral under IRC Section 1031, the same taxpayer who owns and sells the relinquished property must be the same taxpayer who acquires the replacement […]
Balancing the Exchange
REINVESTING IN REPLACEMENT PROPERTY EQUITY AND DEBT REQUIREMENTS AKA “BALANCING THE EXCHANGE” In general, an I.R.C. §1031 Exchange (“Exchange”) allows owners of business or investment real estate to defer the […]
Closing Costs
What Costs Can Be Considered Acceptable “Exchange Expenses?” A frequently asked question is “What expenses can be deducted from the exchange 1031 properties proceeds without resulting in a tax consequence?” […]