1031 EXCHANGE INSIGHTS: WHEN DOES THE TRANSFER OF REAL PROPERTY ACTUALLY OCCUR FOR 1031 EXCHANGE PURPOSES?
11/21/2022
November 4, 2022 By: Julia Mastrotto, Esq., Counsel In an IRC Section 1031 exchange, the exchanger has 45 days from the date of sale to identify replacement property, and up...
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1031 EXCHANGE UPDATE – TAX RELIEF FOR FLORIDA, NORTH CAROLINA, AND SOUTH CAROLINA DUE TO HURRICANE IAN
10/11/2022
October 5, 2022 By: James T. Walther, Esq., LL.M., General Counsel On September 29th, 2022, Hurricane Ian made landfall and severely impacted the state of Florida and subsequently, Tropical Storm...
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1031 EXCHANGE UPDATE – TAX RELIEF FOR AREAS OF MISSISSIPPI AFFECTED BY THE WATER CRISIS
09/30/2022
September 28, 2022 By: Julia Mastrotto, Esq., Counsel On August 30, 2022, areas of Mississippi were affected by a water crisis. Due to the disruption caused by the water crisis,...
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1031 EXCHANGE UPDATE – TAX RELIEF FOR PUERTO RICO DUE TO HURRICANE FIONA
09/30/2022
October 19, 2022 By: Julia Mastrotto, Esq., Counsel On September 17, 2022, Hurricane Fiona made landfall and severely impacted areas of Puerto Rico. Due to the damage, flooding, and disruption...
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1031 EXCHANGE UPDATE – TAX RELIEF FOR AREAS OF ARIZONA AFFECTED BY HEAVY STORMS
09/20/2022
September 28, 2022 By: Julia Mastrotto, Esq., Counsel On July 17 and July 18, 2022, areas of Arizona were hit with severe storms. Due to the damage, flooding, and disruption...
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TAX RELIEF FOR AREAS OF KENTUCKY AND MISSOURI AFFECTED BY HEAVY STORMS
08/24/2022
August 2, 2022 Updated August 24, 2022 By: James T. Walther, Esq., LL.M., General Counsel In late July 2022, areas of Kentucky and Missouri were hit with severe summer storms. ...
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1031 EXCHANGE NEWS UPDATE: Pennsylvania Conforms its State Tax Code to Federal §1031
07/21/2022
By: James T. Walther, Esq., LL.M. General Counsel, Legal 1031 Exchange Services, LLC Summary: Pennsylvania now recognizes 1031 Exchanges for individuals and partnerships. For tax years beginning after December...
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Truist Insurance Holdings, Inc. acquires Kensington Vanguard National Land Services, LLC and Legal 1031 Exchange Services, LLC
03/31/2022
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 Vanguard National Land Services, LLC and Legal 1031...
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1031 Exchange Update: Avoid a Tax Season Trap by Preserving Your 180 day Exchange Period
01/24/2022
IRC Section 1031 requires that taxpayers acquire all replacement property by the earlier of 180 days from the sale of the relinquished property or the Federal tax return due date...
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Update on 1031 Tax Relief for Hurricane Ida NY, NJ, PA, CT, LA, and MS
01/08/2022
Updated January 2022 due to IRS revisions/extensions Hurricane Ida made landfall on August 29th, 2021, and the IRS issued tax relief to those who reside, or who have businesses located...
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