News

By: Julia Mastrotto, Esq., Counsel All too common is the question of refinance in proximity to an IRC Section 1031 exchange. The key takeaway being that a refinance cannot occur as...

Throughout the month of April, the IRS has issued tax relief that can extend/postpone the 45-day and 180-day deadlines applicable to ongoing Section 1031 exchanges for the below-referenced disaster areas....

March 28, 2023 From March 24, 2023, to March 25, 2023, severe storms, straight-line winds and tornadoes severely impacted areas of Mississippi. Due to the disruption caused by the storm,...

March 24, 2023 By: Julia Mastrotto, Esq., Counsel Internal Revenue Code Section 1031 solely applies to the exchange of  real property, as personal property exchanges are no longer eligible.[1] Many...

March 22, 2023 Beginning March 9, 2023, a severe winter storm made landfall and resulted in flooding, landslides, and mudslides that severely impacted areas of California. Due to the disruption...

March 16, 2023 By: Julia Mastrotto, Esq., Counsel Internal Revenue Code Section 1031(a) provides that “no gain or loss shall be recognized on the exchange of real property held for...

By: Julia Mastrotto, Esq., Counsel IRC Section 1031(a) provides that “no gain or loss shall be recognized on the exchange of real property held for productive use in a trade...

By: James T. Walther, Esq., LL.M. General Counsel, Legal 1031 Exchange Services, LLC Updated 1/2/2023 – this law is now effective for 1031 exchanges where property is relinquished in 2023....