Exchanging your primary residence for investment property?

For some, this is a dream come true. Congress and the IRS have opened the door to new ways that you can diversify your real estate portfolios and save on income taxes. You can combine a 1031 exchange (investment property) with a 121 exclusion (primary residence exclusion) – but it takes careful planning. We break it down for you in the following articles:

• Concise Overview of 1031/121 combination
• Combining 1031 Exchanges and 121 Exclusions
• Clarifying the Five Year Holding Requirement
• PLR 2007-25018 home used as primary residence for less than two years gets reduced exclusion

The Exeter Group Goes Live

The Exeter Group, a weekly real estate talk radio program, is now on the air every Monday at 12:00 noon PST. Our panel of real estate experts, which includes financing experts, accounting, investment and income tax planning specialists, will discuss how successful real estate investors survive and prosper in even the most challenging times. Call-in questions are welcome. 

• Listen live on Mondays at 12:00 noon PST
• Listen to past recorded radio shows
• Learn more about The Exeter Group Radio

Update on Related Party Issues

We previously reported that related party questions were on the rise again.  The IRS has provided some additional guidance on related party transactions, so we thought we should revisit the issue.

• Related Party Issues in 1031 Exchanges
• Definition of Related Parties
• PLR 2007-28008 - Transfer of properties in multi-party, multi-property 1031 Exchanges with related party and a holding period of less than two (2) years qualifies for 1031 Exchange treatment
• PLR 2007-30002 - 1031 Exchange of partial interest in properties between related parties qualifies for 1031 Exchange treatment
• Revenue Ruling 2002-83 - Replacement property acquired from related party does not qualify for 1031 Exchange treatment if related party cashes out

New Real Estate Discussion Board Launched

Do you have a question or opinion on real estate sales, acquisitions, financing, tax planning, or—a subject near and dear to our hearts—1031 exchanges? Register now and speak your mind on the all new Exeter Discussion Board.  A Discussion Board for those with inquiring minds.  Join and contribute now.

We Review the Basics of a 1031 Exchange
While 1031 exchange strategies and structures can be elaborate, the principle behind a 1031 exchange is actually quite simple. Learn why 1031 exchange transactions are quickly becoming a life-long wealth building and estate planning tool for novice and experienced investors alike.

• Concise Overview of 1031 Exchanges
• Qualified Use Properties: Do Your Assets Qualify for 1031 Exchange Treatment?
• Like-Kind Replacement Property for 1031 Exchanges: Are Your Assets Like-Kind?
• 1031 Exchange Deadlines and Due Dates
• Identification Requirements for Like Kind Replacement Properties
• 1031 Exchange Property Holding Guidelines

Still Have Questions? Go Ahead, Ask

Our 1031 exchange specialists have the answers that you are looking for.  Go Ahead, Ask.  You can contact one of our 1031 exchange advisors any time you need them; 24 hours a day, 7 days a week, 365 days a year.  We offer a number of ways to get the information that you are looking for.

• Contact Us — Go Ahead, Ask
• Post your questions on the Exeter Discussion Board
• Call Exeter 24/7 — anytime, day or night
• Open a 1031 Exchange 24/7

Next Month
In our next issue of the 1031 Exeter™ eNewsletter we will explore special asset 1031 exchanges.  You might be surprised as what could qualify for 1031 exchange treatment, so stay tuned.

Prior Issues of 1031 Exeter™ eNewsletter

Review and download our prior issues of 1031 Exeter™ eNewsletter.