1031 Vocabulary
Replacement property
Property an exchanger acquires as part of a section 1031 exchange.
 
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Monday, 06 February 2012
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"Tax-Free Swaps is to section 1031 exchanges what Dorothy was to the Wizard of Oz. The curtain of complexity is finally removed for property owners contemplating a section 1031 exchange and interested in learning more about tax-free swaps in plain English instead of a boring and tedious legal treatise. Tax-Free Swaps is a highly recommended read for lay persons and practitioners alike."

Alex Hamrick, MBA, JD, Vice President, Wachovia Exchange Services, Orlando, Florida

 
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