I'm going to miss a president who at least waits a couple years to royally f*$# things up and can appoint treasury secretaries who know how to fill out a 1040.Interesting revisiting old threads....

The frustrating part of 1031 exchanges is that there are many gray areas within Section 1031 of the Internal Revenue Code and Section 1.1031 of the Treasury Regulations and all of the related Revenue Rulings and Procedures.

This program utilizes an interest only (interest is capitalized into the mortgage) construction loan that automatically converts to a 40-Year Permanent fixed rate mortgage upon completion of construction.90% Loan-to-Value40 Year amortization40 Year Term (no balloon)No maximum loan amountLow, fixed interest rate, based on market spreads over the Ten Year Treasury yield.

These include corporate and government bonds, Treasury Bills (“T-Bills”), and Certificates of Deposit (CDs).

Income taxes due from depreciation recapture can not be deferred into the following income tax year and are due in the taxable year in which the Investor disposed of (sold) his relinquished property.It will depend on whether the Tax-Deferred Exchange Agreement used by the Qualified Intermediary for the Investor’s tax-deferred like-kind exchange transaction includes the required language contained in Section 1.1031 of the Department of the Treasury Regulations prohibiting access to the 1031 exchange funds until the following income tax year.The ability to defer the recognition and reporting of the taxable gain into the following income tax year depends on when the Investor has the right to obtain access to or receive the benefit from his 1031 exchange funds.For example, if an Investor disposes of his relinquished property as part of a 1031 exchange and the relinquished property disposition closes on December 1 of any taxable year, the 45 calendar day identification deadline and the 180 calendar day exchange period are both in the following income tax year.

Okay, any sound investor including whatever bank or money source is behind this can make more than 2% on their money with a government backed treasury bond, so why would they loan out their money at 2%.

In Texas at least, its 8 points over the 20 year Treasury Bill , about 12.5% the last time I checked for homesteads.

. :)BTW, bitcoins are being regulated by the world bank and the treasury and FBI are investigating their use, some countries already regulate use but I have not heard of any conversion of these black market underground currency.

If at the examination level it is apparent that fraud was committed it can be turned over to an appropriate law enforcement agency, the Sheriff or State Troopers, but it could be FBI, FDIC, Treasury Dept. or HUD, depending on the matter, they all carry guns and badges, you get to go for a ride and based on the facts at hand, well you can guess.

The Uniform Commercial Code, SEC, Treasury and financial regulatory functions will be touched on.