Requirements for 1031 Deferred Exchanges

Requirements for 1031 Deferred Exchanges

Obviously there are some stringent requirements for Bvlgari Sunglasses,a property sale and purchase to qualify for exchanges.?For one, the value of the replacement property must be equal to or greater than the value of the property that has been sold or exchanged, as must the equity in the replacement property.

Also, the debt on the replacement property must be equal to or greater than the debt on the exchanged property, and all proceeds from the sale of the relinquished property must be used to acquire the replacement property.?The seller of the property may not receive the proceeds or take receipt of funds for the sale in any way.?The seller also has only 180 days to after the sale of the relinquished property to complete the exchange.

These of course are just some basic requirements for 1031 deferred exchanges.?You should of course consult a property attorney before you agree to such an exchange to be sure cheap designer sunglasses, that your taxes will in fact be deferred.