News Archives

1031 EXCHANGE INSIGHTS: WHEN DOES THE TRANSFER OF REAL PROPERTY ACTUALLY OCCUR FOR 1031 EXCHANGE PURPOSES?

November 4, 2022 By: Julia Mastrotto, Esq., Counsel In an IRC Section 1031 exchange, the exchanger has 45 days from the date

1031 EXCHANGE UPDATE – TAX RELIEF FOR FLORIDA, NORTH CAROLINA, AND SOUTH CAROLINA DUE TO HURRICANE IAN

October 5, 2022 By: James T. Walther, Esq., LL.M., General Counsel On September 29th, 2022, Hurricane Ian made landfall and severely impacted

1031 EXCHANGE UPDATE – TAX RELIEF FOR AREAS OF MISSISSIPPI AFFECTED BY THE WATER CRISIS

September 28, 2022 By: Julia Mastrotto, Esq., Counsel On August 30, 2022, areas of Mississippi were affected by a water crisis. Due

1031 EXCHANGE UPDATE – TAX RELIEF FOR PUERTO RICO DUE TO HURRICANE FIONA

October 19, 2022 By: Julia Mastrotto, Esq., Counsel On September 17, 2022, Hurricane Fiona made landfall and severely impacted areas of Puerto

1031 EXCHANGE UPDATE – TAX RELIEF FOR AREAS OF ARIZONA AFFECTED BY HEAVY STORMS

September 28, 2022 By: Julia Mastrotto, Esq., Counsel On July 17 and July 18, 2022, areas of Arizona were hit with severe

TAX RELIEF FOR AREAS OF KENTUCKY AND MISSOURI AFFECTED BY HEAVY STORMS

August 2, 2022 Updated August 24, 2022 By: James T. Walther, Esq., LL.M., General Counsel In late July 2022, areas of Kentucky

1031 EXCHANGE NEWS UPDATE: Pennsylvania Conforms its State Tax Code to Federal §1031

By: James T. Walther, Esq., LL.M. General Counsel, Legal 1031 Exchange Services, LLC Summary: Pennsylvania now recognizes 1031 Exchanges for individuals

Truist Insurance Holdings, Inc. acquires Kensington Vanguard National Land Services, LLC and Legal 1031 Exchange Services, LLC

445 Broad Hollow Road, Suite 25 Melville, NY 11747 p 877.701.1031 f 877.703.1031 March 28, 2022 Truist Insurance Holdings, Inc. acquires Kensington

1031 Exchange Update: Avoid a Tax Season Trap by Preserving Your 180 day Exchange Period

IRC Section 1031 requires that taxpayers acquire all replacement property by the earlier of 180 days from the sale of the relinquished

Update on 1031 Tax Relief for Hurricane Ida NY, NJ, PA, CT, LA, and MS

Updated January 2022 due to IRS revisions/extensions Hurricane Ida made landfall on August 29th, 2021, and the IRS issued tax relief to