TAX INFORMATION 1031 Tax Deferred Exchanges Continued

Mike Ojeda

Main Street Realtors

Call (562) 243-9311
Fax: 562-719-2239

Email: LongBeachRealtors@Realtor.com

	How soon do I need to complete the purchase of a property after the sale of a property?
	What is the penalty if I do not complete the Sale?
	Can I purchase the new property prior to the sale of the old property? (Refereed to as a Reverse Exchange)
	What is BOOT?

PAUL & MIKE, have experience in 1031 Exchanges and can assist you in determining if a 1031 Tax Deferred Exchange is best for you and will assist you in locating Tax Professionals to answer your questions.

As far as the Listing is concerned and the Negotiations , the sale of a Investment Property with out a Exchange is the same as with a Exchange as far as the Buyer is concerned and is negotiated the same with the Exception the Buyer is ask to cooperate with a "1031 Tax Deferred Exchange at No Cost or Liability on the part of the Buyer" It is VERY IMPORTANT that the Escrow Officer handling the exchange is knowledgeable in the handling of a Exchange. Paul and Mike can refer you to Escrow Companies that have that experience and knowledge.

You can find the names of Tax Advisors knowledgeable in Exchange on the Concierge Service.