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Charleston, SC Real Estate
1031 Tax Exchange Manual
Introduction To 1031 Exchanges
1031 Exchange FAQs, (Federation of Exchange Accomodators).
About 1031 Tax Exchanges, (Federation of Exchange Accomodators).
About Accommodators & Qualified Intermediaries, (Federation of Exchange Accomodators)
1031 Tax Exchange information, (Literature from the experts!, IPX 1031)
Review the fundamentals of Section 1031 like-kind exchanges, (Commercial Investment Real Estate, Jan./Feb. 2003).
Reverse Exchanges: An alternate route, (REALTOR® Magazine, Aug. 2005). 
Reverse Exchanges offer investors tax-saving benefits, (Commercial Investment Real Estate, Mar./Apr. 2003).
The ABC's of TICs: Learn the fundamentals of this 1031 exchange strategy, (Commercial Investment Real Estate, Jan./Feb. 2005).
Glossary of Real Estate Exchange Terminology - Basic glossary of exchange-related terms, from Asset Preservation, Inc. and James A. Smith
The following information is from the IRS website: http://www.irs.gov/businesses/small/industries/article/0,,id=98491,00.html
Like-Kind Exchanges - Real Estate Tax Tips
Generally, if you exchange business or investment property solely for business or investment property of a like-kind, no gain or loss is recognized under Internal Revenue Code Section 1031. If, as part of the exchange, you also receive other (not like-kind) property or money, gain is recognized to the extent of the other property and money received, but a loss is not recognized.
Section 1031 does not apply to exchanges of inventory, stocks, bonds, notes, other securities or evidence of indebtedness, or certain other assets.
Like-Kind Property
Properties are of like-kind, if they are of the same nature or character, even if they differ in grade or quality. Personal properties of a like class are like-kind properties. However, livestock of different sexes are not like-kind properties. Also, personal property used predominantly in the United States and personal property used predominantly outside the United States are not like-kind properties.
Real properties generally are of like-kind, regardless of whether the properties are improved or unimproved. However, real property in the United States and real property outside the United States are not like-kind properties.
Additional Resources
Note: This page contains one or more references to the Internal Revenue Code (IRC), Treasury Regulations, court cases, or other official tax guidance. References to these legal authorities are included for the convenience of those who would like to read the technical reference material. To access the applicable IRC sections, Treasury Regulations, or other official tax guidance, visit the Tax Code, Regulations, and Official Guidance page. To access any Tax Court case opinions issued after September 24, 1995, visit the Opinions Search page of the United States Tax Court.
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