Property Vesting Wizard
When doing a 1031 exchange, it’s always best to acquire your replacement property in the same entity name as the relinquished property so you are maintaining the same taxpayer identity throughout the exchange. However, in some cases exchangers may find they need to transition ownership of the replacement property to a new entity. This transition may not pose a problem if the entity essentially remains the same. Use the vesting wizard below to see which vesting transitions may or may not work for your 1031 exchange.
Vesting transitions
Status
Disclosure
To ensure compliance with requirements imposed by the IRS, we inform you that the information posted at this website does not contain anything that is intended as legal or tax advice, and that nothing herein can be relied upon as legal or tax advice. Further, the IRS wants us to let you know that nothing herein can be used for the purpose of (i) avoiding tax-related penalties under the Internal Revenue Code, or (ii) promoting, marketing, or recommending to another party any tax-related matter addressed herein. If assisting with your Section 1031 tax-deferred exchange, Perch Wealth cannot advise the owner concerning specific tax consequences or the advisability of a tax-deferred exchange for tax purposes. We recommend that anyone contemplating an exchange seek the advice of an accountant and/or attorney.
