The steps in between, the investor requirements to the servicer, the minimum net proceeds, the treatment of junior lienholders, the maximum timelines allowed may be different but the foreclosure process is the same.

There is the real estate component which qualifies for 1031 treatment and there is the personal property which may only be exchanged for like personal property.If you're simply wanting to go buy new furniture out of your 1031 that's not as easy unless you close your purchase and use an lOC on the new property to purchase the personal property.

There were a couple options for the warranty on the treatment. should I go with the 1 year warranty or the 5 year for another $450.

.- mold remediation- gutter repair and roofline repair- tape and seal off entire sunroom for treatment- disposal of all items in the sunroom- replacement of 7-8 blinds affected by mold- white suits for workers and etc. - dumpster rental- demo of affected sheetrocks and replacement

@Jason Harbison, certainly discuss this with your CPA (I'm not one), but I don't think you'll qualify for long-term capital gains tax treatment.

I used to work in the residential treatment space.

The most common withholding exemptions are the sale of your primary residence if you qualify for the tax-free exclusion under Section 121, exchange of rental/investment property if you qualify for tax-deferred treatment under Section 1031, or if you are a corporation, partnership or other entity that is not disregarded for income tax purposes.

Everywhere I have looked just talks about eliminating the capital gains on the original investment-but no discussion on the treatment of gains on the plan assets (which is what I really want to eliminate when I cash out, instead of having to roll into a 1031).Thoughts?

Little summary about me, I’ve been in the water treatment industry for 4 years now for a municipality in westchester county.

If you just bought it to flip, it wouldn't be eligible for 1031 treatment.1031 does not eliminate taxes, just pospones them.avoid capital gains gouges.