5,257,589
Great question and thanks for sharing the information, Fred. I've never done one and hope to never have to either! It's great information for those in areas of recent disasters, for certain.
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Anthony Acosta - ALLAT...
Atlanta, GA
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Fred Griffin Florida R...
Tallahassee, FL
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Kathleen Daniels, Prob...
San Jose, CA
4,583,990
Interesting question, Fred. I have not been involved nor ever had a client ask about an involuntary conversion. Will be bad to check other answers.
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Kathleen Daniels, Prob...
San Jose, CA
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Debe Maxwell, CRS
Charlotte, NC
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Fred Griffin Florida R...
Tallahassee, FL
2,222,275
I have not.
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Fred Griffin Florida R...
Tallahassee, FL
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Anthony Acosta - ALLAT...
Atlanta, GA
1,057,414
Super good question. I will watch for answers, because this is of interest to me.
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Fred Griffin Florida R...
Tallahassee, FL
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Candice A. Donofrio
Fort Mohave, AZ
3,350,439
Fred, I have not. I hope that I never do. However, this is good information to know about. Indeed it would require the assistance of a tax professional well versed in the code. Thank you.
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Fred Griffin Florida R...
Tallahassee, FL
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Debe Maxwell, CRS
Charlotte, NC
1,208,551
Fred, Where do you find these items. No, I have not heard of this?
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Fred Griffin Florida R...
Tallahassee, FL
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Debe Maxwell, CRS
Charlotte, NC
1,466,257
Fred Griffin No, not familiar with this.
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Debe Maxwell, CRS
Charlotte, NC
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Fred Griffin Florida R...
Tallahassee, FL
5,115,878
No, I haven't. Wasn't aware of the option to do so. Will keep it in mind, if ever....
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Anthony Acosta - ALLAT...
Atlanta, GA
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Fred Griffin Florida R...
Tallahassee, FL
5,772,957
No,
However, this is an interesting and appropriate to our recent disasters. A
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Nina Hollander, Broker
Charlotte, NC
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Fred Griffin Florida R...
Tallahassee, FL
7,870,198
Nope.
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Debe Maxwell, CRS
Charlotte, NC
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Fred Griffin Florida R...
Tallahassee, FL
4,319,773
5,879,125
Luckily, no I have not Fred!
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Fred Griffin Florida R...
Tallahassee, FL
694,662
Thanks for the info Fred, I'll add this to my many other "must read" items. I need this education now more than ever.
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Fred Griffin Florida R...
Tallahassee, FL
599,734
I've never heard of them. My state is one of the safest when it comes to home-destroying disasters.
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Fred Griffin Florida R...
Tallahassee, FL
4,434,177
1,728,667
I have never, thankfully, done one.
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Fred Griffin Florida R...
Tallahassee, FL
376,887
Wow, I didn't even know about this! I am aware of 1031 exchanges but didn't realize there was a program like this. No, I have never seen/done one.
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Fred Griffin Florida R...
Tallahassee, FL
117,135
Learned something new today. Thanks for bringing this up
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Fred Griffin Florida R...
Tallahassee, FL
4,800,132
I am not familiar with this.
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Fred Griffin Florida R...
Tallahassee, FL
5,244,473
A section of the IRC I hope I never have to refer to but nice to know it is there if necessary!
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Fred Griffin Florida R...
Tallahassee, FL
3,071,489
1,625,153
It is a new for me. Thanks for heads up, i'm sure we'll see it in my area since so many people lost their homes recently.... I'll check it out.
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Fred Griffin Florida R...
Tallahassee, FL
3,986,308
I have not been involved with one
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Fred Griffin Florida R...
Tallahassee, FL
3,988,013
I am unaware of any properties that would qualify in my market area, however we have had displaced homeowners and renters (hurricane zones) move to my area and they had a large cash sum to invest in a new residence from the dispostion of their damaged homes.
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Fred Griffin Florida R...
Tallahassee, FL
6,424,196
Good to know this is available Fred.
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Fred Griffin Florida R...
Tallahassee, FL
1,506,773
I was not aware of this code section, so no.
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Fred Griffin Florida R...
Tallahassee, FL
991,652
That's not something I've been involved with to date - lots of 1031's but not 1033 - not yet anyway
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Fred Griffin Florida R...
Tallahassee, FL
5,583,328