国税局1031交换, also known as 1031 exchange or like-kind exchange, is a tax-favored transaction where the seller can take the proceeds from the sale of a property and reinvest it into another replacement property to defer capital gains or losses that otherwise would have been realized at the time of the sale. The process can go smoothly if done correctly, but missteps can lead to legal consequences, 经济收益的损失, 或者失败的事务. The Texas Real Estate 研究 Center recently published an article that addresses eight mistakes that can occur when participating in a 1031 exchange. 以下是其中的一些错误:

等待太久

When attempting a 1031 exchange, advanced planning is essential. Like-kind exchanges are specifically for properties held for trade or business use or for investment purposes. Clients should consult with their own 税务顾问 or tax or real estate attorneys on whether a 1031 exchange will be beneficial for them and to ensure the replacement property meets the 1031 criteria. Real estate attorneys and title officers point out that 卖家 can miss out on these opportunities by not being aware of 1031 exchanges till closing, 但到那时, 太迟了.

替换物业下跌

在1031年的交易中, a seller has 45 days to choose a replacement property, which can be a short amount of time concerning identification, 谈判, 以及房产的融资.

卖家 should be aware of this 45-day window, keeping track of the exact deadline and if it falls on a holiday or a weekend.

Another blunder 卖家 make is not having multiple replacement properties identified. 卖家 can miss out on a deadline due to revoking the identification of a property late in the 45-day window and not having a secondary property to invest in.

The Importance of a Qualified Intermediary

Being a part of a 1031 exchange can put 卖家 at risk if everything does not go smoothly. It is important to have not just anyone overseeing the transaction but a highly qualified intermediary who has a good reputation and experience. Failure to do so can result in a mismanagement or loss of funds or a breach of contract lawsuit. Identifying a qualified intermediary can be difficult due to an unregulated marketplace. 卖家 should contact private intermediaries, 税务顾问, 税务律师或2021十大正规彩票app律师, for these types of transactions and for help in identifying qualified intermediaries who can assist on such transactions.

阅读全文 discussing other mistakes 卖家 make while completing a 1031 exchange.