1031 Rules    

New Yorcity 1031 Exchange Rules

New Yorcity 1031 Exchange Rules

All new yorcity 1031 exchanges must comply with at least one of the following three 1031 rules in order to qualify as such:

  • 1) The Three-New Yorcity Rental Real Estate Rule - This rule allows the exchanger to identify up to a total of 3 potential replacement new yorcity rental real estate within the Acquisition Period.

  • The 200% Rule - States that, in the even that three or more like kind new yorcity rental real estate are selected in the transaction, their aggregate value must not exceed 200% of the value of the new yorcity rental real estate that is being relinquished.

  • The 95% Exception - Stipulates that the aggregate value of any and all like kind replacement new yorcity rental real estate must account for at least 95% of the value of the relinquished new yorcity rental real estate in order for the exchange to qualify. This rule will apply only if rules 1 and 2 do not apply to the specific situation.

    Contact us for a free consultation with a new yorcity 1031 expert regarding all upcoming 1031 tenants in common exchange opportunities.

    • Want Access to TIC Properties Nationwide?

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    Tenant in common (TIC) properties have become popular 1031 exchange solutions for investors seeking to defer capital gains taxes and free themselves from property management. A wide range of TIC properties exist for sale and 1031newyorcity.com can provide you with access to the best TIC investment opportunities nationwide.

  • Single and Multi-Tenant Office Buildings
  • Multi-Family Apartment Buildings
  • NNN-Triple Net Lease
  • Industrial Complexes and Warehouses
  • Retail Shopping Malls
  • 1031-REITS (Real Estate Investment Trusts)
  • Oil and Gas Royalties

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    If you're looking for a premium 1031 tenant in common property to defer capital gains tax, fill out our short request form. You'll receive a complete listing of properties available nationwide. Or call us now at 1-800-IRS-1031.

     
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    Wednesday, March 10, 2010