Today’s episode is What the Heck Is a 1031 Exchange? Episode Number 002. We’ll talk about: 1. The general overview of a 1031 exchange transaction. 2. Critical dates and timing of a 1031 exchange transaction. The specific rules for a proper 1031 Exchange can be found in the IRS Internal Revenue Code under Title 26, Subtitle A, Chapter 1, Subchapter O, Part 3, in 1031 Exchange. Cornell University has a good write up about this code. Refer to the web URL below: https://www.law.cornell.edu/uscode/text/26/1031 Another great resource from the American Bar Association: https://www.americanbar.org/groups/real_property_trust_estate/resources/real_estate_index/section-1031/#:~:text=The%20portion%20of%20the%20proceeds,purchasing%20of%20the%20Replacement%20Property NOTICE: By accessing this Podcast, you acknowledge that the entire contents and design of this Podcast, are the property of Roughly Double™, or used by Roughly Double™ with permission, and are protected under U.S. and international copyright and trademark laws. Except as otherwise provided herein, users of this Podcast may save and use information contained in the Podcast only for personal or other non-commercial, educational purposes. No other use, including, without limitation, reproduction, retransmission or editing, of this Podcast may be made without the prior written permission of Roughly Double™, which may be requested by sending an email to the Roughly Double™ administration office: roughlydouble@gmail.com DISCLAIMER: By accessing this Podcast, you acknowledge that Roughly Double™, any of the Hosts of the Podcast, and any of the Guests of the Podcast, make no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for entertainment and general information purposes only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, Roughly Double™ does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third-party materials or content of any third-party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of Roughly Double™. Roughly Double™ assumes no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, Roughly Double™ makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties. ROUGHLY DOUBLE™ EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST.
