1031 Exchanges & 1034

[Daniel Patterson]

Hello everyone,

Looking to learn a little bit more about 1031 exchanges and and 1034..

First off, can both of these tax exemption strategies be utilized in tandem? 

Secondly, does the QI pay your taxes on the house? or do the taxes just disappear? I'm confused how the QI takes on that role and all you have to do is pay them a fee.

Third, say if you decide to stop investing and you finally pull yourself out of the chain, do you have to pay taxes on everything that you used the exchange on in the past? or do you only pay taxes on the most recent closing?

A side note question.... Isn't there some other type of tax strategy where if you live in a home for a year first before reselling it? I forget the name of that one and how it exactly works.

If you have any thoughts on one of these questions it will be greatly appreciated!

Thanks!