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How Long do I Have to Hold Replacement Property in a 1031 Tax Deferred Exchange?

David M. Gorenberg, CES® |
Corporate & Institutional
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This is one of the most common questions asked of a qualified intermediary.The answer: Qualifying property under §1031 must be held by the taxpayer for “productive use in a trade or business, or for investment.” The determination of whether property is held for productive use in a trade or business or for investment is made as of the time of the exchange.

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Revenue Procedure 2005-14 and Your Home Sweet Home

David M. Gorenberg, CES® |
Corporate & Institutional
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For quite some time, the interaction of §121 (exclusion of gain on the sale of a principle residence) and §1031 (non-recognition of gain or loss in like-kind exchanges) has confused many taxpayers. Fortunately, the Internal Revenue Service has provided clear guidance on this matter with Revenue Procedure 2005-14.

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Coronavirus: Updates and Developments

Wilmington Trust |
Wilmington Wire
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As of April 6, 2020 — Wilmington Trust has been monitoring the COVID-19 (coronavirus) outbreak and assessing its impact on investments and the economy. Visit this page for updates as further developments unfold. What COVID-19 health and wealth impacts lie ahead? Listen to the replay of our recent webinar, “COVID-19: Fiscal, Monetary & Medical Shots in the Arm?,” with Chief Investment Officer Tony Roth and special guest, Ashish K.

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