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COUNTY OF SAN LUIS OBISPO DEPARTMENT OF PLANNING & BUILDINGBLD1031 03/20/2019Statement Of Special Inspection Agreement For a permitted project requiring special inspection, per California Building

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How to fill out bld-1031

01

To fill out bld-1031, follow these steps:

02

Start by entering your personal information, such as your name, address, and contact information.

03

Provide details about the property for which you are filing the form, including its address and any identification numbers.

04

Indicate the reason for filing the form, whether it is for a like-kind exchange or another purpose.

05

Include information about any other parties involved in the transaction, such as the buyer or seller.

06

Provide details about any intermediaries or facilitators involved in the exchange, if applicable.

07

Include any additional information or attachments as required by the form or relevant regulations.

08

Review the completed form for accuracy and completeness before submitting it.

09

Submit the form as instructed, either electronically or by mail, to the appropriate agency or department.

Who needs bld-1031?

01

BlD-1031 is needed by individuals, businesses, or entities who are involved in like-kind exchanges of property for tax purposes.

02

This form is particularly important for those who want to defer capital gains taxes by exchanging one property for another similar property.

03

It is also required by individuals or entities acting as intermediaries or facilitators in the exchange process.

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What is bld-1031?

bld-1031 refers to a tax form used for exchanging like-kind properties under Section 1031 of the Internal Revenue Code.

Who is required to file bld-1031?

Individuals, businesses, and entities involved in like-kind property exchanges are required to file bld-1031.

How to fill out bld-1031?

To fill out bld-1031, you must provide details of the like-kind properties exchanged, including their value and nature.

What is the purpose of bld-1031?

The purpose of bld-1031 is to allow taxpayers to defer paying capital gains taxes on the exchange of like-kind properties.

What information must be reported on bld-1031?

Information such as the description of the properties exchanged, their values, and the dates of the exchange must be reported on bld-1031.

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