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Luke A.

By Drew McCabe | October 30, 2019

Luke A.

"Dave is a great wealth of knowledge in all things 1031. He took the time to educate me on the 1031 process and when it was time for me to sell my property and 1031 into another property, Dave and his team made the process seamless for me. They worked with the title company and made sure all the correct paperwork was there on both sides of the transaction. Dave is very responsive and always just a phone call away. If I sell another investment property, I will definitely be calling Dave to set-up the 1031." -Luke A.
Exchange Resource Group, LLC
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2019-10-30T16:16:34-06:00
"Dave is a great wealth of knowledge in all things 1031. He took the time to educate me on the 1031 process and when it was time for me to sell my property and 1031 into another property, Dave and his team made the process seamless for me. They worked with the title company and made sure all the correct paperwork was there on both sides of the transaction. Dave is very responsive and always just a phone call away. If I sell another investment property, I will definitely be calling Dave to set-up the 1031." -Luke A.

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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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