Скачать или смотреть 1031 Exchanges: Common Real Estate Questions Answered

Shopping Centers of L.A. - Zorik Dadoyan
https://www.shoppingcentersofla.com
818-380-5252


Phil Atwan of Exchange Resources Inc dropped by the Shopping Centers of L.A. office to discuss 1031 exchanges of "like-kind” properties and answer the most common questions about 1031 tax-deferred property exchanges.

Can I extend the 45 day ID period? No. Any attempt to do so would be considered tax fraud.

Can I 1031 exchange into a replacement property in a different state? Yes. You can exchange to an investment property out-of-state.

Can I live in the replacement property? No. It must be an investment property. Not a personal residence.

If you experience a special life-altering circumstance some time after the exchange (such as a significant financial or familial change), you might be able to move in without paying the capital gains. However, if the government thinks that you bought the replacement property with the intent to use it as a residence, you could very well be liable to pay back-taxes plus interest! It’s best to make sure you have a legitimate reason for moving into the property.

Bottom line: The replacement property must be purchased with the intent to be held as investment real estate.


Shopping Centers of L.A. is highly experienced in 1031 exchange transactions, working with buyers and sellers and implementing options to extend escrow and maximizing the probability of exchanging into the best replacement property, creating a smooth tax-deferred exchange.

https://shoppingcentersofla.com/1031-...



ABOUT SHOPPING CENTERS OF L.A.

Shopping Centers of LA is a premier retail real estate sales and purchase transaction network in the greater Los Angeles area working under Keller Williams Commercial. As an intermediary for shopping centers we pride ourselves on connecting sellers with the best buyer for their property all while providing buyers exclusive access to real estate inventory for their next solid investment or 1031 exchange upleg.

At the core of our practice is direct phone or face-to-face communication with all the buyers and sellers of retail, office, and industrial properties in Los Angeles. We value your participation in our network.


For more information visit https://www.ShoppingCentersofLA.com or call our office 818-380-5252

Follow us on social media!
Facebook:   / shoppingcentersofla  
Instagram:   / shoppingcentersofla  
LinkedIn:   / 19241914