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In A 721 Exchange… | Phoenix American

  • Writer: Lee Berman
    Lee Berman
  • Aug 6, 2021
  • 1 min read
  • Heirs avoid capital gains and depreciation recapture taxes

  • Investors are neither confined to a 45-day window to identify a replacement nor a 180-day deadline to execute the transaction as they would be in a 1031 exchange

  • You undergo a one-time tax deferral strategy, where you may no longer complete a like-kind exchange out of the UPREIT

  • Taxes are owed upon the sale of REIT shares or any property contributed to the partnership

With publicly-traded REITS, shareholders may take advantage of increased liquidity and convert those shares to cash as they please. Investors should keep in mind the market is subject to volatility and that could potentially diminish returns. If a subsidiary owns properties in multiple states, they are required to file tax forms for each state a property is located in.


Contact Details:

sales@phxa.com

415-485-4500

2401 Kerner Blvd, San Rafael, CA 94901, United States


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