1031 Basics

Deciding to use a 1031 exchange to engage in real estate investment can be an exciting opportunity but only if you understand all of the terms and rules associated with such an exchange. There are several key requirements involved in a 1031 exchange. These are known as the same taxpayer rule, property identification rule, the timeline for purchasing the replacement property, trading up, the hold time, and related party transaction regulations. Read on to learn more about how each of these influence 1031 exchanges and what you need to know in order to be successful when you initiate a 1031 exchange. See more at: http://www.qualifiedintermediary.net/the-basics-of-1031-exchanges-what-you-need-to-know-part-i/#sthash.ihcF6L4p.dpuf