How to Do a 1031 Exchange of Real Estate

Using a 1031 Qualified Intermediary (QI) 2nd Edition

by Edwin V. Horan MS



Book Details

Language : English
Publication Date : 4/16/2020

Format : E-Book
Dimensions : N/A
Page Count : 164
ISBN : 9781698700366
Format : Softcover
Dimensions : 8.25x11
Page Count : 164
ISBN : 9781490799964

About the Book

How to Do a Like Kind Exchange of Real Estate If you own investment, business, or rental real estate this book can save you thousands of dollars in capital gains taxes. It is a true how to do book. The IRS requires a taxpayer to use a qualified intermediary if they wish to take advantage of the ‘safe harbor’ procedures established in the IRS regulation for a deferred exchange. This book explains the important and mandatory tasks for both the qualified intermediary (QI) and the taxpayer in an exchange. Simple to follow instructions and forms in this book will help you – — Learn if your property qualifies for a 1031 like kind exchange — Figure how much tax you will have to pay Uncle Sam if you sell — Determine what your reinvestment requirements will be — Know what documentation is required — Understand the exchange escrow requirements and rules — How to report the exchange to the IRS and much more !!!

About the Author

About the Author Ed Horan was one of the original FEA ‘Certified Exchange Specialist®’. Ed holds a Masters’ Degree in Business. He is a nationally recognized expert on IRC section 1031 Like Kind Exchanges. He founded Realty Exchange Corporation in 1990, a company that only serves as a qualified intermediary, and is a senior consultant. In his prior career he served as a pilot and comptroller with the United States Air Force, and was licensed as a real estate broker. Ed has been a frequent writer and lecturer on residential real estate investments, exchanges, and the impact of taxes on real estate transactions and real estate professionals, including the impact of the Tax Cuts and Jobs Act (TCJA). He was approved as a Continuing Education Instructor in Maryland, Delaware, Virginia and the District of Columbia. He is the winner of the national Real Estate Educators award for the ‘Best Single Education Program’.