1031 Exchange Myths – The Five Year Hold
If you do a search for "five year hold and the 1031 Exchange", you will see a lot about this hold period. The truth is, it's not a requirement of Section 1031....
Phone: 1-800-735-1031
Local Phone: 503-635-1031
Email: info@1031Exchange.com
Phone: 800-475-1031
Local Phone: 503-619-0223
Email: info@iraadvantage.net
Phone: 800-735-1031
Email: info@post1031.com
"WASHINGTON STATE LAW, RCW 19.310.040, REQUIRES AN Exchange FACILITATOR TO EITHER MAINTAIN A FIDELITY BOND IN AN AMOUNT OF NOT LESS THAN ONE MILLION DOLLARS THAT PROTECTS CLIENTS AGAINST LOSSES CAUSED BY CRIMINAL ACTS OF THE Exchange FACILITATOR, OR HOLD ALL CLIENT FUNDS IN A QUALIFIED ESCROW ACCOUNT OR QUALIFIED TRUST." RCW 19.310.040(1)(b) (as amended)