by William Horan | Jan 23, 2016 | Federal Law, ID and Exchange Period, Realty Exchange Corporation
1031 Exchangers should anticipate settlement delays with some delays caused by the new TRID Closing Procedures. A recent NAR survey of real estate agents found nearly one-third of all transactions encounter a delay of some sort. The majority of the delays were from...
by William Horan | Jan 21, 2016 | Realty Exchange Corporation
A 1031 exchange is reported on IRS form 8824 The IRS has requested comments on IRS Form 8824, ‘Like-Kind Exchanges’, be submitted to them prior to March 21, 2016. The Form 8824 is used by all taxpayers completing an IRC Section 1031 exchange to report the exchange of...
by William Horan | Jan 13, 2016 | Realty Exchange Corporation
Residential Landlord use of Bonus Depreciation A residential landlord should understand and use this tax benefit. To avoid a government shutdown the Congress passed in December 2015 what is commonly called the “extenders bill’ – Protecting Americans from Tax...
by William Horan | Jan 9, 2016 | Process, Realty Exchange Corporation, State Law
Maryland recognizes the federal 1031 exchange law and will grant an exemption if you meet certain criteria. If you need help with a 1031 exchange and are a Maryland nonresident we can help with the frustrating Maryland Certificate of Full or Partial Exemption...
by William Horan | Jun 24, 2015 | Realty Exchange Corporation
The CFPB has formally proposed to delay the TILA-RESPA ( TRID ) final rule effective date to Saturday, October 3, 2015. The TRID rules apply to covered “closed-end credit transactions secured by real property” for which the creditor or mortgage broker receives an...
