{"id":1148,"date":"2011-02-21T21:48:50","date_gmt":"2011-02-21T21:48:50","guid":{"rendered":"http:\/\/www.lmgw.com\/?p=1148"},"modified":"2011-02-21T21:49:23","modified_gmt":"2011-02-21T21:49:23","slug":"1031-exchanges","status":"publish","type":"post","link":"https:\/\/lmgw.com\/wordpress\/matt\/1031-exchanges\/","title":{"rendered":"1031 Exchanges &#8211; Follow the rules!"},"content":{"rendered":"<p>In a recent summary opinion by the US Tax Court (Ralph Crandall TC Summary Opinion 2011-14) the taxpayers were found to not qualify for nonrecognition treatment under Section 1031. The parties established two escrow accounts for the exchange but neither account limited the taxpayer&#8217;s right to receive, pledge, borrow, or otherwise obtain the benefit fo the funds.<\/p>\n<p>As with many prospective tax transactions, it is of paramount importance that the rules and form of transactions be followed to the letter.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a recent summary opinion by the US Tax Court (Ralph Crandall TC Summary Opinion 2011-14) the taxpayers were found to not qualify for nonrecognition treatment under Section 1031. The parties established two escrow accounts for the exchange but neither account limited the taxpayer&#8217;s right to receive, pledge, borrow, or otherwise obtain the benefit fo [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,8],"tags":[],"class_list":["post-1148","post","type-post","status-publish","format-standard","hentry","category-matt","category-tax"],"_links":{"self":[{"href":"https:\/\/lmgw.com\/wordpress\/wp-json\/wp\/v2\/posts\/1148","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lmgw.com\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lmgw.com\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lmgw.com\/wordpress\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/lmgw.com\/wordpress\/wp-json\/wp\/v2\/comments?post=1148"}],"version-history":[{"count":4,"href":"https:\/\/lmgw.com\/wordpress\/wp-json\/wp\/v2\/posts\/1148\/revisions"}],"predecessor-version":[{"id":1155,"href":"https:\/\/lmgw.com\/wordpress\/wp-json\/wp\/v2\/posts\/1148\/revisions\/1155"}],"wp:attachment":[{"href":"https:\/\/lmgw.com\/wordpress\/wp-json\/wp\/v2\/media?parent=1148"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lmgw.com\/wordpress\/wp-json\/wp\/v2\/categories?post=1148"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lmgw.com\/wordpress\/wp-json\/wp\/v2\/tags?post=1148"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}