SHARE:  
Join Our Email List
USING REVERSE EXCHANGES AS A TOOL IN A CHANGING MARKET

Many investors are aware of their ability to use a reverse 1031 exchange when they are faced with having to close on their replacement property before they are able to close on their sale property; however, reverse exchanges can also be used proactively when tight inventory creates purchasing challenges.

In a regular deferred exchange, an investor has 45 days to identify potential replacement property. Once the identification deadline passes, the investor is locked in to that list of potential properties, and has to close on one or more of those properties within 180 days in order to complete a successful 1031 exchange. In a market with low inventory, these time frames can be very challenging.

UPCOMING WEBINAR:
 
An Overview of Reverse and Improvement
1031 Exchanges
Tuesday, December 6, 2022
 
For more information or to register, click here.
A young man jump between 2022 and 2023 years over the sun and through on the gap of hill silhouette evening colorful sky. happy new year 2022.
WHEN AN EXCHANGE STRADDLES TWO TAX YEARS

As we begin another new year, many Exchangors will find themselves with an exchange that straddles two tax years. That situation usually leads to one of two questions:

  1. My exchange was a success, but what year do I use to report the transaction?
  2. My exchange failed. I got my money back, but when do I report the gain?

The first question is easy. The exchange is reported on IRS form 8824, for the tax year in which the relinquished property was transferred. 
MAXIMIZING THE 1031 EXCHANGE IN TODAY'S MARKET

Watch Crexi's Interview with Julie Baird, First American Exchange Company's President. Topics include:

  • The steps of a 1031 exchange
  • Education on the 1031 federal tax code
  • The role of the 1031 exchange in the current economy
  • Essential lessons in leadership
  • And much more!
YOUR TEAM OF 1031 EXCHANGE EXPERTS
HEATHER WALKER
Senior Exchange Officer
CLAUDIA SOLIS
Senior Exchange Officer
COLLEEN PHAM
Senior Exchange Officer
JESSICA DEL CASTILLO
Exchange Officer
JENN PHAM
Senior Exchange Assistant
STEPHANIE SCHELLER
Exchange Assistant
ELIZABETH BOTHI
Exchange Assistant
JACQUELYN EBERT
Exchange Assistant
CORINA DAOS
Exchange Assistant
DANIELLE IODENCE
Exchange Assistant
‌
‌
©2022 First American Financial Corporation and/or its affiliates. All rights reserved. NYSE: FAF

First American Exchange Company, LLC. a Qualified Intermediary, is not a financial or real estate broker, agent or salesperson, and is precluded from giving financial, real estate, tax or legal advice. Consult with your financial, real estate, tax or legal advisor about your specific circumstances. First American Exchange Company, LLC makes no express or implied warranty respecting the information presented and assumes no responsibility for errors or omissions. First American, the eagle logo, and First American Exchange Company are registered trademarks or trademarks of First American Financial Corporation and/or its affiliates.