Frequently Asked Questions

ANSWERS TO SOME BASIC QUESTIONS ON EXCHANGES


What is an exchange?

How does this differ from a Starker Exchange?

Can multiple properties be exchanged?

Can Exchange Proceeds Be Used To Acquire A Personal Residence?

Can I acquire a replacement property first?

How long will exchanges be allowed?

What is the accommodator's purpose?

Who is eligible to act as an accommodator?

How should I choose an accommodator?

What are your fees to handle an exchange?

When should I contact TFEC?

Can Dealers do 1031 exchanges?

Why exchange when capital gains taxes are so low?

What about depreciation recapture in an exchange?

Why hasn't my Realtor or tax advisor suggested doing an exchange?

What wording should be used in my documents to indicate my intention to do an exchange?

How long must a property be held before it can be exchanged? 

How can partnership property be exchanged?

How can a property be refinanced to obtain some tax free cash without violating exchange rules?

Can vacation properties be involved in a 1031 exchange? 

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