There has been a significant amount of attention paid to 1031 exchange strategies over the last five years and for good reason, but the 1031 exchange is not always the best solution or structure for an Investor.
It is extremely important for an Investor to spend time with their financial advisor and their tax advisor to review the various options that are available to them before they proceed with any one specific strategy.
The various strategic options may include 1031 exchanges (investment properties), 1033 exchanges (involuntary conversions from condemnation by government or a natural disaster), 721 exchanges (exchange into a Real Estate Investment Trust or REIT also referred to as an upREIT or 1031/721 exchange), 453 installment sale, and 121 exclusions (tax-free exclusion on sale of primary residence).
You can review the various structures in more detail at: http://www.exeterco.com/Summary_Tax_Strategies.aspx.
Saturday, November 11, 2006
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