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In September of 2000,
the IRS released new "safe harbor" guidelines
for structuring reverse tax deferred exchanges of "like
kind" real and personal property. A reverse exchange
occurs when a taxpayer acquires a replacement property
before disposing of their relinquished property. In other
instances this may include build-to-suit property or property
with construction needs. Compliance with the safe harbor
guidelines creates a presumption that the transaction
will qualify for §1031 tax-deferred exchange treatment.
Reverse
Exchange Services, Inc. ("RES"), an affiliate
of IES, was formed specifically to respond to the new
IRS rulings on "reverse" tax deferred exchanges.
A reverse exchange can give you "control" over
the replacement property before you dispose of the relinquished
property. This provides greatly expanded planning opportunities
and avoids the time pressures inherent in the 45-day "identification"
requirement intrinsic to regular deferred exchanges.
To learn more about Reverse Exchanges, please visit us
at www.reverse1031.com.
45
Day Calculator and Property Identification
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