Las Vegas 1031

The 1031 Tax Deferred Exchange is a brilliant tax-saving mechanism. When all elements are right, it’s a great way to build a lot of pre-tax wealth. Competency is of utmost importance when doing a 1031 exchange.  We will help you identify the best Las Vegas or Henderson investment properties and oversee the process from start to finish. An experienced Las Vegas Realtor® can make all the difference.

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Las Vegas 1031 Exchange

Its important to be aware of some general guidelines that dictate each Las Vegas 1031 exchange.  The greatest mistake and investor can make is not following the rules given by the IRS.  Below is a quick checklist of the basic rules for a 1031 exchange.

LAS VEGAS 1031 EXCHANGE FEATURED LISTINGS HOMES

Please click the pictures below to see full details on these properties.

Las Vegas 1031 Exchange Home $32,000 MLS#1000422 Las Vegas 1031 Exchange Home $99,900 MLS#1001397 Las Vegas 1031 Exchange Home $89,888 MLS#1002571 Las Vegas 1031 Exchange Home $1,499,000 MLS#1003437 Las Vegas 1031 Exchange Home $139,888 MLS#1003844 Las Vegas 1031 Exchange Home $540,000 MLS#1003910

Qualified Intermediary - A qualified intermediary must oversee the exchange. The intermediary acts as a neutral third party, making sure all exchange guidelines are met. The intermediary also holds all the monies and makes disbursements, thus making the transaction clean and without question.

Property Restrictions - You must exchange across or up. The loan amount and purchase price of the new property must be equal to or greater than that of the property being exchanged. If there is a balance remaining, a lesser loan amount or purchase price, the monies are considered boot and you will pay gains on the difference.

Multiple Properties - You can exchange from one property into multiple properties, given the total loan amounts and purchase prices are equal to or greater than that of first property. You cannot exchange from multiple properties into a single property.

Time Restraints - You have 45 days from the sale of the original property to identify which property you will be exchanging into. You have 180 days to get the deal closed.

Property Restrictions - The property must be used as an investment property. While it would be great to exchange owner occupied residences to avoid short term gains, the IRS will not allow it.

Ownership Restrictions - You must own the investment property at least one year and a day prior to exchanging it.

Title Restrictions - You must hold title to the new property the same way you held title to the previous property.