jrhoad1

The taxpayer has to be the same, not the same entity that sold the relinquished property. You could have done a 1031 and then bought the replacement property with your friends as tenants in common where you own an undivided x% of the replacement property as tenants in common.

The type of the Relinquished Property or Replacement Property doesn’t matter. The properties just have to be held for investment purposes. For example, You can sell a residential investment property and buy a commercial investment property.

For the 1031 identification notice, the most common rule is you can identify up to 3 properties without regard to the total value of the properties. You can buy 1, 2 or all 3 of the properties that you identify. There are a couple different rules if you want to identify more than that.

Scam. Throw those away.

Assuming you are buying a membership interest in a LLC or other entity interest which the entity owns the Property, you won’t be able to individually do a 1031 exchange because it’s not like kind property. The entity itself (composed of all the members) would have to do the 1031 exchange.

I can’t answer the depreciation question specifically but that doesn’t seem correct unless the entity held the property for a long time.

You need to get the QI involved a few days prior to closing. The more time the better for them so they can have time to prepare the documents. There may be local companies where you live but lots of national ones. I recommend IPX 1031

The property has to be held for investment for a 1031. The type of property does not matter as long as it is held for investment. You can sell the fourplex and buy a single family house, commercial, duplex, etc. You need to hire a 1031 Exchange Company who acts as a qualified intermediary before you sell. They hold your proceeds. After the sale, You have 45 days to identify the replacement property and 180 days to close on the replacement property. For a full tax deferral you have to replace the full amount that you sold for not just the amount of the net proceeds. For example, if you sold for $1M you have to buy replacement property (general rule is up to 3 properties) with a total value of $1M.

I'm back again. Fernandez and Sandoval for Longoria did not go through. I had just had Garcia go down for the year. Would anyone trade Longoria for Sandoval and Beltran? My other outfielders are Carlos Gonzalez, Justin Upton, Michael Bourne Dustin Ackley and Josh Reddick.

Thanks for any help

Strausburg
Holland
S. Gray
D. Robertson
Cingrani
C. Archer
J. Veras
Ian Kennedy
J. Quintana
J. De La Rosa
D. Fister - on DL

Whether she was using the guy as her sugar daddy or not and the reasons for the guy getting custody of her children really dont matter. She is getting callled out for her story because she is intentionally misleading how she is portraying her success story. Her theme is that with hard work you can go from a single mother living in a trailer park to a Harvard law graduate. Not mentioning the fact that she had someone to pay for it all (regardless of how he paid for it) and take care of her children while she went off to school is misleading. She's already quoted in the article that she needs to be better at sharing more of the details.

LINK

Summary: doesn't mention she has to whore herself out to who Dad's rich friend who paid for her Harvard law school.

It's for real. I wasn't there, but picture was sent to my from my family.