1031 Exchange Reit

I Understand That It's Possible To Sell Commercial...

New postby Klara » 24 Jul 2010, 23:54

I understand that it's possible to sell commercial real estate and do a 1031 Exchange investing into a REIT?

What are the steps you need to undertake to effectuate such a transaction? Is this any different than any other "like-kind" exchange? Or am I misinformed about the ability to do such an exchange? Any guidance or referrals to websites would be appreciated.
Klara
 
Posts: 1411
Joined: 08 Apr 2009, 17:45

New postby Abbey » 24 Jul 2010, 23:54

Check out the site I included in the resource box and see whether it would help you. It has info on commercial real estate that might be related to your question on 1031 exchange.
Good luck
Abbey
 
Posts: 1372
Joined: 08 Apr 2009, 17:45


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LINKS

NAREIT - Investor Insight - REIT.com
"Most REITs use 1031 exchanges on a regular basis, regardless of what type of sector they are in, except mortgage REITs," says Lou Weller, national director ...

Income Tax Deferral Strategies for Real Estate Investors
It is important to note that 1031 exchange transactions are tax-deferred exchanges ... real estate for shares in a Real Estate Investment Trust (REIT). ...

Section 1031 Exchanges: Underused Tax- Planning Tool
An interest in a REIT is defined as a security and therefore will not qualify as a replacement property for a section 1031 exchange (Letter Ruling 8206109). ...

Reverse Mortgage
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