IRC Section 1031 Quiz
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Question 1 of 9
1. Question
If a seller decides to do an IRC Section 1031 exchange after selling an office building, can they purchase a multifamily property and still meet the criteria for an exchange of like kind property?
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Question 2 of 9
2. Question
Is a transfer of property considered an exchange if the seller and buyer are related entities?
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Question 3 of 9
3. Question
If you sell your property on June 1, how many days do you have to complete your acquisition of the replacement property?
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Question 4 of 9
4. Question
If a seller changes their LLC name for the acquisition property, but both the seller and the new LLC have the same tax payer ID, will that invalidate an exchange?
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Question 5 of 9
5. Question
Referring to #5 above, this type of exchange is called:
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Question 6 of 9
6. Question
How many closings are there in a reverse exchange?
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Question 7 of 9
7. Question
Which of the following are benefits of an Improvement Exchange:
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Question 8 of 9
8. Question
Can you do an Improvement Exchange on property that you already own?
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Question 9 of 9
9. Question
If you are doing an Improvement Exchange how much time do you have to complete the exchange?
