In case people have forgotten, when banks go under taxpayers like myself bail them out.

Below is a screenshot of the JC online tax payment system.

You can purchase a 1031 replacement property no problem in a different name than the seller of the relinquished property as long as the purchasing LLC is a disregarded entity so the "exchanger" or "taxpayer" is effectively the same, even though title is different.

The Home Must Be Owned for a Total of at Least Two Years During the Five-Year Period Leading Up to the SaleIn order to legally shelter the proceeds received from the sale of one’s home, a taxpayer must own the home for an aggregate of two years prior to the sale.

The 1031 rules are confusing, the rules state that the tax credits stay with the "tax paying entity", so does that mean the LLC ?

Depreciation recapture is the portion of the gain attributable to the depreciation deductions previously allowed during the period the taxpayer owned the property.

There's no consistency between what any two "crowd funders" do or what it means to be a "crowd funder:" so you've got to look at each individual product.To complete a 1031 the taxpayer has to take beneficial title to real estate.  

This was a case in which the taxpayer's records were destroyed and had to be recreated.

Marc M.The IRS will look at the facts and circumstances, and judge whether the activity is of a consistent enough basis and engaged upon in a manner that is similar in nature to commercial tax-paying businesses in the field.You should consult with an ERISA attorney who can look at the entirety of your scenario and help you evaluate the threshold at which you may cross this line and have exposure to UBIT.20-30 is a ludicrously high number of transactions.  

The taxpayer and the little guy once again get the shaft , while Wall Street laughs all the way to the bank