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 | May 18, 2015 | Federal Law, Process, Realty Exchange Corporation
In a previous blog, we alerted 1031 exchangers and all other buyers and sellers to expect longer settlement times due to implementation of the new CFPB TRID rules and new forms after Aug 1, 2015. As a qualified Intermediary (QI) we are prepared during the transition...
by William Horan | Feb 20, 2014 | Critical Elements, Process, Qualified Intermediary, Regulations
Qualified Intermediary Safe Harbor The IRS established safe harbors to complete a 1031 exchange in accordance with the law. A key behind the safe harbor is to make sure the taxpayer does not actually or constructively receive proceeds or other property during an...
by William Horan | May 2, 2012 | Process
The “Drop and Swap” term “Drop and Swap” is a term used to describe the process of dropping out of a partnership or membership interest of a limited liability company (LLC) into an ownership interest in investment real estate and then exchange or swap for new...
by William Horan | Aug 1, 2011 | Process, Reinvestment Requirements
The answer is a simple YES! Because of the economy and cash flow concerns, some investment property owners are thinking of selling their property at a loss and not doing a 1031 exchange. It is important that as owners and investors we know the tax consequences of such...
by William Horan | May 10, 2011 | Process, Reporting
1031 ACCIDENTAL MISTAKE For years Qualified Intermediaries (QIs), like ourselves, have been concerned that an accidental mistake could derail a good 1031 exchange. Like a settlement agent sending the proceeds from a settlement directly to the seller, when the...
