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Internal Revenue Code and Treasury Regulations
Section 121, Principal Residence Exemption Section 121, 2008 Amendment Limiting Principal Residence Exemption Section 1031, Like-Kind Exchanges Section 1031, Special Rule for Mutual Ditch, Reservoir or Irrigation Company Stock Section 1033, Involuntary Conversations Section 1237, Real Estate Subdivided for Sale Section 168, Post-Exchange Basis Calculations Section 301, Disregarded Entities Section 468B, Imputed Interest Rules upon QI Escrow...
read moreInternal Revenue Service Publications & Forms
Publication 544, Sales and Other Dispositions of Assets Form 8824, Like-Kind Exchanges Form 4797, Sales of Business Property Pub. 537, Installment...
read moreFlorida
Claudia Kiernan, Esq. Investment Property Exchange 770 A1A Beach Blvd., Unit A St. Augustine, FL 32080 Phone (904) 461-9977 Fax (904) 461-0311 Claudia.Kiernan@ipx1031.com
read moreNorth Carolina
Nichol Phillips Wells Fargo 1031 Exchange Services 100 North Main St. Winston Salem, NC 27101 Phone (888) 693-5566 X8 Fax (336) 732-1031 Nichol.phillips@WellsFargo.com
read moreNew Jersey/Pennsylvania
David Gorenberg, Esq. Citibank Financial Intermediaries Group 1650 Market St., Ste. 3550 Philadelphia, PA 19103 Phone (267) 385-3624 Fax (267) 385-3650 Cell (856) 905-0407 David.Gorenberg@citi.com Scott Rotkowitz, Esq. Investment Property Exchange Services 3705 Quakerbridge Road, Suite 205 Mercerville, NJ 08619 Phone (866) 588-1031 Fax (609) 587-0182 Cell (609) 709-7631...
read moreMassachusetts
Patricia Flowers, CES Investment Property Exchange Services 133 Federal St., 12th Floor Boston, MA 02110 Phone (617) 423-1031 Fax (617) 350-8826 Cell (617) 899-4718 Patricia.Flowers@ipx1031.com Tim Halligan Marie Dias Exchange Authority 9 Leominster Connector, Ste. 1 Leominster, MA 01453 Phone (978) 433-6061 Fax (978) 433-6261 thalligan@exchangeauthority.com couture@exchangeauthority.com Andrew Gelson Thomas St. Jean Compass Exchange Advisors 288 Union St. Rockland, MA 02370 Phone (508) 830-1188 Fax (508) 830-1288 Andrew.gelson@RocklandTrust.com Thomas.stjean@rocklandTrust.com Brian McNulty Nationwide Exchange Services 1001 Hingham St., Ste. 300 Rockland, MA 02370 Phone (877) 871-7022 Direct (781) 616-0315...
read moreConnecticut
Anthony Lombardi, Esq. CATIC Exchange Solutions Inc. 101 Corporate Place Rocky Hill, CT 06067-1895 Phone (860) 513-3131 Fax (860) 513-3132 alombardi@caticaccess.com
read moreNew York
Marie Flavin, Esq., CESInvestment Property Exchange Services80 Business Park Dr., Ste. 205Armonk, NY 10504Phone (914) 273-7160Toll Free (877) 230-1031Fax (914) 948-3166Cell (917) 586-5604Marie.Flavin@ipx1031.com Michael Brady, Esq.Asset Preservation, Inc.125 Baylis Road, Suite 201Melville, NY 11747Phone (866) 394-1031 X504Fax (631) 614-7955mbrady@apiexchange.com Diane Schaefer, CESExchange Solutions, Inc.106 Woodcleft Ave., Ste. CFreeport, NY 11520Phone (516) 771-2400Fax (516)...
read more1031 Exchanges – Overview
Section 1031 of the Internal Revenue Code provides a strategy for deferring the capital gains and depreciation recapture tax that may arise from the sale of investment/business property. By exchanging, investors may defer tax and reinvest all of the proceeds in the replacement property. Since 1921 the tax code has allowed that any real estate held for investment or productive use in a trade or business may be exchanged for any other real estate that is held for investment or productive use in a trade or business. An apartment may be exchanged for an office property, office for retail, raw land for a TIC or DST, etc. Section 1031 of the Internal Revenue Code Specifically States:“No gain or loss shall be recognized on the exchange of property held for productive use in a trade or business, or for investment purposes if such property is exchanged solely for property of like-kind, which is to be held for productive use in trade or business or for investment purposes.” Reasons to Consider a 1031 Exchange: Deferral of Tax on Capital Gains and Depreciation Recapture Relieve the burden of active real estate ownership and property management Improve cash flow and appreciation potential Ability to exchange into a higher quality property or properties Achieve greater diversification Facilitate estate planning Neither 1031 Investment Services, LLC nor DFPG Investments, Inc. provide tax or legal advice. Investors should consult with a qualified tax or legal professional regarding 1031 exchange and/or tax related issues. ...
read moreRisks of Triple Net Lease Properties
General Real Estate Risk – Triple net properties are not immune to risks associated with real estate investment including potential loss of value Tenant Default or Bankruptcy – A default or bankruptcy by a tenant may affect cash flow and the value of a triple net property Vacancy – A single tenant triple net lease property is either 100% occupied or 100% vacant thus making credit quality and lease term particularly important
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