Steven Monk's (smonk) Blog

different types of exchanges Reverse Exchange: A transactional structure where the like-kind replacement property is purchased first, prior to transferring (conveying or selling) the relinquished property to the actual buyer. The Internal Revenue Service provided guidelines (safe harbors) for str...

Concurrent Exchangedifferent types of exchangesSimultaneous (Concurrent) Exchange: The exchange (disposition) of the relinquished property (sale property) and the purchase of the like-kind replacement property occurs at the same time.Forward (Delayed) Exchange: This is the most common structure o...

Residential Real Estate Tax Issues with 1031 exchangesResidential Real Estate If you depreciated residential pre-1987 realty using just straight line depreciation, the tax results if you sell it will be the same as for a sale of post-1986 property, as described above. But if (as was possible) you...

different types of exchangesBuild-to-Suit (Improvement or Construction) Exchange: This technique allows the taxpayer to build on, or make improvements to, the like-kind replacement property, using the exchange proceeds before they actually take title to the property.Personal Property Exchange: Pe...

Build-to-Suit (Improvement or Construction) Exchange: This technique allows the taxpayer to build on, or make improvements to, the like-kind replacement property, using the exchange proceeds before they actually take title to the property.Personal Property Exchange: Personal property can also be ...

Reverse Exchange: A transactional structure where the like-kind replacement property is purchased first, prior to transferring (conveying or selling) the relinquished property to the actual buyer. The Internal Revenue Service provided guidelines (safe harbors) for structuring reverse 1031 exchang...

Reverse Exchange: A transactional structure where the like-kind replacement property is purchased first, prior to transferring (conveying or selling) the relinquished property to the actual buyer. The Internal Revenue Service provided guidelines (safe harbors) for structuring reverse 1031 exchang...

Simultaneous (Concurrent) Exchange: The exchange (disposition) of the relinquished property (sale property) and the purchase of the like-kind replacement property occurs at the same time.Forward (Delayed) Exchange: This is the most common structure or form for most 1031 exchange transactions toda...

Non-Residential Real EstateAs is the case for residential pre-1987 realty, if you depreciated nonresidential pre-1987 realty using just straight-line depreciation, the tax results if you sell it will be the same as for a sale of post-1986 property, as described above. But if, as was possible, you...

Residential Real Estate Example. In January 1986, you paid $1.3 million for an apartment building (not a low-income building), of which $1 million was allocated to the improvements. You depreciated the property using the 175% declining balance method. You sold the property in July 2003 for $2 mil...