Code Section 1031 exchanges of real estate are relatively common, and in most cases there is very clear guidance about how they should be structured. There are also several knowledgeable advisors in the area, including companies which specialize in providing “accommodator” services for 1031 exchanges. Nonetheless, there are a number of common situations that, if not handled properly, can inadvertently trigger gain. This article reviews some of such common traps and how to avoid them.
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This article is featured in the November 2023 issue of OC Lawyer.
