1031 Exchange Case Studies – In the Words of Our Clients

Every 1031 exchange is unique. In this article, we provide a few 1031 case studies in the words of our clients.

John Nolde

I have worked with Jeff on numerous 1031 Exchanges in connection with real estate and affordable housing transactions. He and his team are knowledgeable, responsive, and make the exchange process seamless, with the best possible outcome for each client.  He provides creative solutions to complex problems, and is a true partner in the process.

Al Richie

From the common to the sublime 1031 nuances, Jeff Peterson exhibits perhaps the most brilliant legal mind steeped in common sense  that most all of us have ever seen in our lifetime. Jeff has guided us through a number of transactions that we could never have experienced were it not for him and we can only encourage you to explore the depth and creativity  that Jeff offers and we thank him for his dedicated contributions to the entire  area of real estate development and our community.

Amber Garofalo

Jeff and his team are experts in the 1031 exchange process.  They are responsive, professional and accurate.  I highly recommend CPEC 1031 to anyone who is looking to avoid the taxable penalties with selling an investment or commercial property.

1031 Exchange Intermediaries

At CPEC1031, we provide 1031 exchange services to taxpayers throughout the United States. Our team has more than twenty years of experience facilitating exchanges of all types and we are well-equipped to guide you through your transaction. We can guide you through the exchange process, compile all your documents, and answer all of your questions along the way. Contact us today to learn more about our like-kind exchange services and see how we can help you save money in capital gains taxes.

• Start Your 1031 Exchange: If you have questions about 1031 exchanges, feel free to call me at 612-643-1031.

Defer the tax. Maximize your gain.

© 2020 Copyright Jeffrey R. Peterson All Rights Reserved

1031 Case Study – Camp Grounds

Recently, we had a client come to us with an interesting 1031 exchange situation. This client owns a camp ground and wants to do a 1031 exchange. However, he lives on a portion of the camp ground. Is it possible to do a 1031 exchange in this situation? In this article, we are going to dive into this 1031 exchange case study and talk about the seller’s options.

Camp Ground 1031 Exchange

When sellers live on a portion on the real estate that they are exchanging, 1031 exchanges can get a little tricky. In this particular instance, the seller would want to allocate the gross purchase price into three or more categories:

• 1031 real estate

• 121 principal residence (which must be reasonable and substantiated)

• Non-1031 personal property, goodwill and equipment (sell for remaining book value)

Memorialize this allocation in a written agreement between buyer and seller.

1031 Exchange Professionals

At CPEC1031, our 1031 exchange professionals have over twenty years of experience facilitating exchanges of real property for clients across the United States. Our team can walk you through each and every step of the 1031 exchange process. We can also prepare your documentation and answer all of your burning questions. Contact us today to set up a time to chat with one of our 1031 exchange professionals. Our primary office is located in downtown Minneapolis, but we work with clients throughout the country.

•  Start Your 1031 Exchange: If you have questions about 1031 exchanges, feel free to call me at 612-643-1031.

Defer the tax. Maximize your gain.

© 2018 Copyright Jeffrey R. Peterson All Rights Reserved