Tax-deferred exchange transactions are extremely powerful income tax planning strategies when used effectively. They do have certain restrictive requirements that must be complied with.
For example, there are very specific identification requirements to comply with when identifying like-kind replacement properties for a 1031 tax-deferred like-kind exchange transaction.
This is only a formal identification process and the prospective like-kind replacement properties being considered for acquisition do not need to be under contract.
You can learn all about the identification requirements on our web page.
Thursday, November 30, 2006
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