1031 exchange


S

S CARTER

I have heard that you can exchange into an annuity but have not been able to
locate any literature. Any ideas?
 
Ad

Advertisements

P

Paul A. Thomas

S CARTER said:
I have heard that you can exchange into an annuity
but have not been able to locate any literature.
Any ideas?

For an exchange to be "like kind", the replacement property MUST be of (you
guessed it) like-kind. So you can not exchange land for an annuity, or a
car for an annuity, or a tractor for an annuity.


--
Paul A. Thomas, CPA
Athens, Georgia
(e-mail address removed)
WARNING: This post may contain violent
punctuation, explicit grammatical errors,
and a shocking ending with a preposition.
 
Ad

Advertisements

Joined
Feb 5, 2013
Messages
7
Reaction score
0
1035 Exchange

You are probably referring to Section 1035 fo the Internal Revenue Code that allows you to exchange out of one annuity and into another annuity. You are not permitted to exchange from real estate into an annuity.

There is a relatively new strategy out there referred to as the Structured Sale, which involves an annuity. This strategy is not an exchange. It actually triggers your gain, but you defer it over a period of time using an annuity. There is no IRS guidance on this structure, so be careful.
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Similar Threads

USA 1031-Exchange Form 8824 missing 0
1031 exchange 3
1031 exchange 1
1031 Exchange 17
USA 1031 exchange 0
1031 Exchange 0
1031 exchange 5
1031 exchange 7

Top