Field Guide to 1031 Exchanges
(Updated September 2008)
Section 1031 of the U.S. Internal Revenue Code allows investors to defer capital gains taxes on the exchange of like-kind properties. 1031, or tax-deferred, exchanges hold great advantages for both investors and REALTORS®. This Field Guide provides access to articles, manuals, forms, ideas, and other information to help you start building your 1031 niche. (F. Heller, Manager, Virtual Library & Archives)
1031 Exchanges: The Basics
1031 Exchange FAQs, (Federation of Exchange Accomodators).
Compound logic: The wealth-building power of 1031 exchanges just makes sense, (Commercial Investment Real Estate, Sept.-Oct. 2008).
What to look for in a 1031 exchange facilitator, (Realty Times, Apr. 14, 2008).
Getting a handle on 1031 exchange rules, (Realty Times, Jan. 7, 2008).
1031 exchange do's and don'ts, (National Real Estate Investor, Aug. 1, 2007).
Show me the money: Using exchanges, (Realty Times, July 19, 2005).
1031 Exchange Manual, (1031 Corporation, 2004).
An overview of real estate like-kind exchanges, (The Appraisal Journal, July 2003). Q
Rules, Forms, & Guidelines from the IRS
Publication 544: Sales and Other Disposition of Assets
Like-Kind Exchanges: Real Estate Tax Tips
Internal Revenue Code, Part 1: Income Taxes - Scroll down to access section 1.1031 et seq.
Rev. Proc. 2002-22: Undivided fractional interests in real estate - Scroll to page 733.
1031 Exchanges for REALTORS®
Like-Kind Exchanges: Issue Summary, (National Association of REALTORS®, 2008).
Vacation home swaps get safe harbor, (Journal of Accountancy, July 2008). Q
1031 exchanges: What are the real trade-offs?, (Real Estate Finance, June 2008). Q
IRS provides Sec. 1031 personal use safe harbor for dwellings, (The Tax Adviser, May 2008). Q
Deferred exchanges: Selecting a QI and documenting the transaction, (Journal of Taxation, Nov. 2007). Q
Navigating the Maze: Developers can use these strategies to benefit from 1031 exchanges, (Commercial Investment Real Estate, July/Aug. 2007).
Structuring a simple forward like-kind exchange, (Real Estate Taxation, 1st Quarter 2007). Q
Title holding issues in 1031 exchanges, (Realty Times, Mar. 3, 2006).
Use 1031 exchanges to close more deals; Practitioners capitalize on tax code to capture lifelong clients, (REALTOR® Magazine, Feb. 2005).
Multi-asset mastery: These tax-deferred exchanges require pre-planning and careful attention, (Commercial Investment Real Estate, Nov./Dec. 2004).
Exchange eligibility: Do your properties meet IRS requirements for 1031 transactions?, (Commercial Investment Real Estate, July/Aug. 2004).
1031 details: Manage transactions precisely to maximize tax benefits, (Commercial Investment Real Estate, Mar./Apr. 2004).
Reverse Exchanges
Reverse exchanges: An alternate route, (REALTOR® Magazine, Aug. 2005).
Some practical aspects of undertaking a reverse exchange, (Business Entities, July/Aug. 2005). Q
Using the reverse Starker, (Realty Times, Sept. 29, 2003).
Reverse exchanges offer investors tax-saving benefits, (Commercial Investment Real Estate, Mar./Apr. 2003).
New safe harbor for reverse exchanges, (The CPA Journal, Jan. 2003). Q
Tenancy-in-Common (TICs)
Tenants in Common: Issue Summary, (National Association of REALTORS®, 2008).
Considerations within sponsored tenants-in-common like-kind exchange programs, (Journal of Financial Planning, Feb. 2008). Q
The tenant in common industry: What to expect in 2008, (Real Estate Finance, Dec. 2007). Q
TICs Today: Changing market conditions provide new opportunities for diversifying portfolios, (Commercial Investment Real Estate, Nov./Dec. 2007).
The TIC workout, (Real Estate Finance, Aug. 2007). Q
Triple-Net Effects: Investing in NNN tenancy-in-common properties requires careful planning, (Commercial Investment Real Estate, May/June 2007).
Doing a 1031 exchange? A TIC could be the solution, (Realty Times, Mar. 5, 2007).
Evaluating tenant-in-common interests in real estate, (Real Estate Issues, Summer 2006). Q
Common interests: Tenancy-in-Common investments create opportunities for property owners and managers, (Journal of Property Management, Mar./Apr. 2006). Q
TIC reinvestment strategies: As the tenant-in-common industry prepares for a slew of property sales, real estate investors contemplate their next move, (Trusts & Estates, Mar. 2006). Q
Tenants-in-Common Interests (Hot Topics -- Answers to Current Business Issues), (REALTORS® Commercial Alliance, 4th Quarter 2005).
TICs take off, (RCA Report, Summer 2005). - Scroll to page 6
The ABCs of TICs: Learn the fundamentals of this 1031 exchange strategy, (Commercial Investment Real Estate, Jan./Feb. 2005).
IRS revenue procedure provide guidance for Section 1031 exchanges for property held in tenancy-in-common form, (Real Estate Finance, Aug. 2003). Q
Websites
Federation of Exchange Accomodators (FEA) - Professional organization for exchange specialists. Includes directory of exchange companies & specialists around the U.S.
Glossary of Real Estate Exchange Terminology - Basic glossary of exchange-related terms, from Asset Preservation, Inc. and James A. Smith.
eBooks & Other Resources
eBooks.realtor.org
The following ebooks and digital audiobooks are available to NAR members:
The Tax-Free Exchange Loophole: How Real Estate Investors Can Profit from the 1031 Exchange (Adobe eReader)
How to Invest in Real Estate And Pay Little or No Taxes: Use Tax Smart Loopholes to Boost Your Profits By 40% (Adobe eReader)
Books, Videos, Research Reports & More
The resources below are available for loan through Information Central. Up to three books, tapes, CDs and/or DVDs can be borrowed for 30 days from the Library for a nominal fee of $10. Call Information Central at 800.874.6500 for assistance.
Building Wealth through 1031 exchanges, By Thomas Moylan & Moore McLaughlin, (All States 1031 Exchange Facilitator, LLC, 2006).
1031 Exchanges: How They Work, (Professional Exchange Accomodators, LLC. 2005).
The Tax-Free Exchange Loophole, By Jack Cummings, (John Wiley & Sons, Inc., 2005).
The Complete Guide to Your Real Estate Closing, by Sandy Gadow, (New York: McGraw-Hill, 2003).
Investing in Real Estate, 4th Ed., By Andrew McLean & Gary Eldred, (Hoboken, NJ: John Wiley & Sons, 2003).
Like-Kind Exchanges, By James Martin, Jr. & Timothy Eifler, (Lexington, KY: University of Kentucky College of Law, 2002).
Field Guides & More
These Field Guides and other resources in the Virtual Library may also be of interest:
Field Guide to Investing in Real Estate
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