The 1031 Exchange Getting Started Checklist – Everything to Know For a Successful Transaction

There is a lot to remember when you are entering into an 1031 exchange. We believe it is important for our clients to understand the process they are about to go through before they actually begin, so here is a beginner checklist to run through before every transaction!

What You Will Learn Includes:

  • What’s actual or constructive receipt.
  • Why you need to talk to your tax people at the time you purchase the asset.
  • How paperwork that makes it perfectly clear that this is a sale as an exchange ensures that your exchange runs smoothly.
  • Why your shouldn’t sign any paperwork at closing or settlement statements that does not include anything with respect to a 1031 exchange.
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When you are thinking of doing a 1031 Exchange, the sooner you consult the professionals at Equity Advantage, the better. Give David Moore and his team of experts a call today – 503-635-1031!