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James Hoekstra

By Drew McCabe | February 16, 2022

James Hoekstra

Dear Team ERG Thank you so much for helping me through my first 1031 exchange. As a school teacher, I did not have a ton of knowledge about how exchanges worked and the benefits therein. Your team was incredibly helpful walking me through all the rules and regulations of the exchange. Please know that you changed the trajectory of my life with this exchange. I was looking at a large tax burden from the sale of my vacant lot, and now I am reaping the benefits of deferring those funds into a cashflowing rental property. I can't thank you enough and will reocommend you to all I come in contact with. James Hoekstra
Exchange Resource Group, LLC
5
2022-02-16T12:19:47-07:00
Dear Team ERG Thank you so much for helping me through my first 1031 exchange. As a school teacher, I did not have a ton of knowledge about how exchanges worked and the benefits therein. Your team was incredibly helpful walking me through all the rules and regulations of the exchange. Please know that you changed the trajectory of my life with this exchange. I was looking at a large tax burden from the sale of my vacant lot, and now I am reaping the benefits of deferring those funds into a cashflowing rental property. I can't thank you enough and will reocommend you to all I come in contact with. James Hoekstra

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IRS Extends 1031 Like-Kind Exchange Deadlines in the Wake of Various Natural Disasters

Each listed Disaster Areas has its own Disaster Date on which tax relief, including the extension of 1031 Exchange deadlines, is keyed. The IRS’s Disaster Relief Notices, in conjunction with Revenue Procedure 2018-58, give taxpayers two options to extend their 1031 Exchange deadlines: a general relief option (for Exchanges in progress on or after the Disaster Date) and an extended relief option (for Exchanges in progress on or before the Disaster Date). Depending on when your Exchange began, you may qualify for one or both of these options.

Please consult with your tax advisor for further guidance. The Notice reference and Disaster Date for each Disaster Area follows.

Click here for the full article

Sincerely,

Drew McCabe, President
Exchange Resource Group, LLC

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