Jonathon Nguyen
Like Kind Exchange 1031 - Seattle
Hello,I am a real estate investor in Seattle and am looking for a contact for a reputable CPA to help with a 1031 exchange. Has anyone here in Seattle done one that can please provide some guidance or point of contact...
Steve Meyers
In search of a 1031 processor
We are looking to sell some investments and want to look into whether or not a 1031 is beneficial/worth the cost. Looking or a recommendation of someone you’ve worked with recently. Thanks
Account Closed
1031 Exchange Tax question
Good morning I completed my first 1031 exchange in 2019 however I am no being told by the CPA we incurred a mortgage boot due to not purchasing a property of similar sales price.
Property sold $1,200,000
Payoff $70...
Annie Le
Tax implications on a 1031 exchange
Hello everybody,
I am trying to figure out the tax implications, if any, for a client who is doing a 1031 exchange. I don't believe she should have any tax implications but would like a 2nd opinion.
Ori...
Jackson Long
doing a 1031 without using a QI
We did a flurry of 1031 stuff a few years ago and parts went well and other parts were a hot mess. We are getting ready to sell one of the houses and buy a different one and I don't want to pay the piper. But I've d...
Denise Penna
Do we need an intermediary if closing both on the same day?
We are selling a condo and went to contract (but not closing) on 2 smaller condo units. If we can go to closing on the same day, do we need to have an intermediary?? If not, with whom at closing do we need involved to...
Bette Hochberger
Navigating the 1031 Exchange Process
1031 exchanges are a powerful tool for real estate investors. Here's a brief overview of how they work:1. Like-Kind Property: The property you acquire must be similar to the one you sell.2. Timing Rules: You have 45 d...
Mike Bisbikis
Engagement Query: Topic - 1031 Exchange
Hello everyone, I am involved in my first 1031 exchange. Exciting times! I first learned of 1031 exchanges when I was studying for the CPA examination back in 2017, but the real-world experience of executing an exchan...
Max Cordova
What to do with $100k?
What would you do with a $100k in 2022?
I have a family member right now that will need to reinvest the $100k gained from a sale in NJ. They were told that they have about six months to do a 1031 exchange to avoid c...
Neil G.
Buy Replacement Property b4 Sell Old Property (Reverse Exchange)?
Cousin in NY is selling investment/income property (detached 2 fam) but in the mean time, found a replacement investment property (detached 2 fam) wants to close on instead of having to wait on closing on the old prop...