Get the free SECTION 1031 “STARKER” TAX-DEFERRED EXCHANGES REGISTRATION FORM

This document serves as a registration form for a program on tax-deferred exchanges, aimed at helping clients increase their wealth using tax-deferred dollars under § 1031 of the Internal Revenue

How to fill out section 1031 starker tax-deferred

How to fill out SECTION 1031 “STARKER” TAX-DEFERRED EXCHANGES REGISTRATION FORM

1. Obtain the Section 1031 Starker Tax-Deferred Exchanges Registration Form from the IRS or other authorized source.
2. Fill in your personal information, including your name, address, and Tax Identification Number (TIN).
3. Provide details about the property being relinquished, including its address, purchase date, and sale price.
4. Include information about the replacement property you intend to acquire, including its address and expected purchase date.
5. Indicate the timeline for your exchange, ensuring it meets the 45-day identification and 180-day closing requirements.
6. List any intermediaries involved in the exchange, including their contact information.
7. Review your entries carefully for accuracy.
8. Sign and date the form.
9. Submit the completed form as directed, typically to the tax authority or intermediary handling your exchange.

Who needs SECTION 1031 “STARKER” TAX-DEFERRED EXCHANGES REGISTRATION FORM?

1. Real estate investors looking to defer capital gains taxes on the sale of investment properties.
2. Property owners who want to exchange one property for another without immediate tax consequences.
3. Individuals engaging in a like-kind exchange of business or investment properties.

People Also Ask about

How much does it cost to do a 1031 exchange?

In most exchanges we can charge a flat fee which includes drafting all required 1031 documents and guiding you through the process. We can assist in most routine 1031 exchanges for a fixed fee of $925. Intermediaries will charge separately for their services but oftentimes their fees are near $300.

How to defer capital gains without doing a 1031 exchange?

Structuring a property sale through a deferred sales trust can provide an alternative to a 1031 exchange for managing capital gains taxes from the sale. Deferred sales trusts can offer tax benefits by leveraging the tax treatment afforded to an installment sale under Internal Revenue Code §453.

Why would I do a 1031 exchange?

A 1031 exchange allows investors to defer capital gains tax on the sale of one investment property by reinvesting the proceeds into another like-kind property. The like-kind exchange must involve real estate properties, not personal property (except in specific cases, such as real estate businesses).

What is a starker 1031 exchange?

1031 exchange (also called a tax-deferred exchange or a Starker exchange) refers to the ability of investors and organizations to replace one investment for a similar one instead of keeping the proceeds.

What is an example of a 1031 exchange?

While searching for a replacement, you find a property you want to buy. But it's valued at $700,000. In that case, you contribute $200,000 out of pocket and purchase the replacement with a $300,000 loan and $400,000 of cash. Like this, you can still defer taxes since you satisfy the two basic requirements.

Why is it called a starker exchange?

Starker Exchanges There was a lumber baron in Oregon who was named Starker who had this novel idea that 1031 exchanges did not have to be simultaneous horse swaps, where the taxpayer gave up his relinquished property and immediately and simultaneously received his new replacement property.

For pdfFiller’s FAQs

What is SECTION 1031 “STARKER” TAX-DEFERRED EXCHANGES REGISTRATION FORM?

SECTION 1031 'STARKER' TAX-DEFERRED EXCHANGES REGISTRATION FORM is a legal document used to facilitate the tax-deferred exchange of investment properties under the IRS Section 1031 regulations.

Who is required to file SECTION 1031 “STARKER” TAX-DEFERRED EXCHANGES REGISTRATION FORM?

Individuals or entities engaging in a tax-deferred exchange of like-kind properties under Section 1031 are required to file the registration form.

How to fill out SECTION 1031 “STARKER” TAX-DEFERRED EXCHANGES REGISTRATION FORM?

To fill out the form, provide your details, description of both the relinquished and replacement properties, and any relevant exchange dates. Ensure all information is accurate and complete.

What is the purpose of SECTION 1031 “STARKER” TAX-DEFERRED EXCHANGES REGISTRATION FORM?

The purpose of the form is to formally notify the IRS about a taxpayer's intent to exchange properties and defer capital gains taxes, ensuring compliance with tax laws.

What information must be reported on SECTION 1031 “STARKER” TAX-DEFERRED EXCHANGES REGISTRATION FORM?

The form must report the taxpayer's identification information, details of the exchanged properties, dates of the exchange, and the nature of the transaction.