1031 Real Estate Office Building Tax-Deferred Exchange

Colorado 1031 Tax-Deferred Exchange Programs

FOR

LAND, PROPERTY, REAL ESTATE

Adams County Real Estate Office Building Tax- Deferred Exchange

History of the 1031 Exchange Program.

Exchanges are not new!   Actually the concept began in 1921, only 3 years after the first income tax laws were enacted.
From its inception up until the 1970's, the 1031 Exchange was not common.  All Simultaneous Exchanges were executed and performed mainly by large corporations and the wealthy.  Until the "The Starker Case", which is synonymous with Delayed Exchanges.  The Starker family survived a series of court cases which ultimately led to the validation of Non-Simultaneous Exchanges or the "DELAYED EXCHANGE".
The Tax Reform Act of 1984 established the "exchange" time periods at 45 days to identify the replacement property and 180 days to acquire the new replacement property.  The commencement date for these time periods is the actual closing date of the sale of the relinquished property.
The Tax Reform Act of 1986 catapulted the 1031 Exchange into its current wave of popularity.   Unfortunately, the reason for its popularity was that this Tax Reform Act took away the special tax treatment available to investors when they experienced long-term capital gain.  With the special treatment gone, investors sought out the 1031 Exchange as a means to defer paying full taxes.
The 1991 amendment to IRC Section 1031 resolved many of the "questions" that surrounded exchanges.   The inclusion of the 1991 Regulations to the tax code presented a detailed method for effecting a tax-deferred exchange.  With the use of this codified method, a taxpayer can be confident in receiving the desired tax deferment treatment.
The most recent change to the tax code is reflected in the "Taxpayer Relief Act of 1997".  There was an attempt to make some substantial changes to tax deferred exchanges, but these were all stricken before the act became final. 

FOR ALL OF THE INFORMATION YOU WILL NEED, PLEASE CONTACT:

Dick Palmer

Pathfinder

Investment Corporation

2953 S. Peoria St.

Suite 101

Aurora, Co 80014

DIRECT TELEPHONE: 303-759-8500

E-MAIL: sales@landoffice.com

FAX: 303-759-8400

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Property Investments, 1031 Exchanges, Land Development Services for YOU!

This material is designed only to provide information concerning I.R.C. Section 1031 Tax-Deferred Exchanges.  It is not intended to provide or replace legal, accounting or other professional counsel.

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