SELECT QUALIFIED INTERMEDIARY AND SET UP TRUST ACCOUNT
ASSIGN SALE CONTRACT TO YOUR QUALIFIED INTERMEDIARY
CLOSE YOUR RELINQUISHED PROPERTY SALE
LOCATE POTENTIAL REPLACEMENT PROPERTIES AS SOON AS POSSIBLE
IDENTIFY REPLACEMENT PROPERTY USING IRS ID RULES
COMPLETE REPLACEMENT PURCHASES WITHIN 180 DAYS
REPORT YOUR 1031 EXCHANGE TO THE IRS ON FORM 8824
To ensure compliance with requirements imposed by the IRS, we inform you that the information posted at this website does not contain anything that is intended as legal or tax advice, and that nothing herein can be relied upon as legal or tax advice. Further, the IRS wants us to let you know that nothing herein can be used for the purpose of (i) avoiding tax-related penalties under the Internal Revenue Code, or (ii) promoting, marketing, or recommending to another party any tax-related matter addressed herein. If assisting with your Section 1031 tax-deferred exchange, Fyntex cannot advise the owner concerning specific tax consequences or the advisability of a tax-deferred exchange for tax purposes. We recommend that anyone contemplating an exchange seek the advice of an accountant and/or attorney.