IRS and State Tax Guidance
As a courtesy to our clients and their advisors, for reference and information purposes only, Legal 1031 is providing the following forms, links, related guidance, and articles regarding state and federal tax issues related to 1031 exchanges. While Legal 1031 will make every effort to keep this reference page current, exchangers and their advisors should verify that any form or information contained herein is current, accurate, and applicable to their individual situation. Legal 1031 does not warrant or guarantee the information, content or accuracy of any forms or guidance contained herein, nor are we providing legal or tax advice, opinions, or representing that any form is applicable or necessary. Taxpayers must review their specific situations and state and federal reporting requirements with their independent tax advisor.
- IRS Publication 17 – Your Federal Income Tax for Individuals
- IRS Publication 515 – Withholding of Tax on Nonresident Aliens and Foreign Entities
- IRS Publication 527 – Residential Rental Property, Including Vacation Homes
- IRS Publication 334 – Tax Guide for Small Businesses
- IRS Publication 537 – Installment Sales
- IRS Publication 541 – Partnerships
- IRS Publication 544 – Sales and Other Dispositions of Assets
- IRS Publication 550 - Investment Income and Expenses
- IRS Publication 551 – Basis of Assets
- IRS ITIN Guidance for Foreign Property Buyers/Sellers
- IRS Guidance on Single Member Limited Liability Companies (SMLLC)
- IRS Publication 1635 – Employer Identification Number – “Understanding Your EIN”
- IRS Guidance on Single Member LLCs – Taxpayer Identification Numbers and EINs
- NY RETT advisory opinion Dec. 7, 2016 – Exemption for a Reverse Exchange from Paying a Duplicate NY Transfer Tax
- FTB Notice 2019-05 – presents California Franchise Tax Board opinion on installment sales transactions in relation to a rescue mechanism for failed or partial 1031 exchanges