{"id":1459,"date":"2020-10-14T16:48:55","date_gmt":"2020-10-14T16:48:55","guid":{"rendered":"http:\/\/brts.sitepreview.pro\/?page_id=1459"},"modified":"2020-10-31T14:19:00","modified_gmt":"2020-10-31T14:19:00","slug":"1031-exchanges","status":"publish","type":"page","link":"http:\/\/brts.sitepreview.pro\/?page_id=1459","title":{"rendered":"1031 Exchanges"},"content":{"rendered":"<section class=\"ffb-id-4cmo52a1 fg-section fg-text-dark\"><div class=\"fg-container container-fluid fg-container-fluid fg-container-lvl--1 \"><div class=\"fg-row row    \" ><div class=\"ffb-id-4cmo52a2 fg-col col-xs-12 col-md-12 fg-text-dark\"><div class=\"ffb-id-4cmo5a7a fg-container container fg-container-large fg-container-lvl--2  fg-text-dark\"><div class=\"ffb-id-4cmo5co4 fg-row row     fg-text-dark\"><div class=\"ffb-id-4cmo5qqm fg-col col-xs-12 col-md-8 fg-text-dark\"><h2 class=\"ffb-id-4cmo5vkj fg-heading text-center    fg-text-dark\">1031 EXCHANGES IN NJ<\/h2><p class=\"ffb-id-4cmo67kp fg-paragraph text-left    fg-text-dark\">A 1031 exchange is a real estate investment vehicle allowing one property to be exchanged for another while deferring payment of capital gains tax. Both NJ and the IRS have specific procedures and reporting requirements that must be followed for successful completion of 1031 exchanges. Danny May, CTP, and his team of professionals work with investors and intermediaries to see that 1031 exchanges are conducted in accordance with ALTA and CFPB best practices and are compliant with applicable state and IRS regulations.<\/p><h3 class=\"ffb-id-4cmo6in7 fg-heading text-left    fg-text-dark\">1031 EXCHANGE NJ<\/h3><p class=\"ffb-id-4cmo6ssb fg-paragraph text-left    fg-text-dark\">Rules 1031 exchanges have specific rules that govern this type of investment property swap. Failure to follow these rules and comply with established timelines can negate the exchange and leave investors open to IRS &amp; NJ taxes and penalties. 1031 exchange rules include the following:<\/p><div class=\"ffb-id-4cmo77gj fg-paragraph ff-richtext text-left    fg-text-dark\"><\/p>\n<ul>\n<li>Properties must be like-kind (one investment property for a different investment property).<\/li>\n<li>You cannot personally receive any funds from the initial investment property sale. The exchange is usually structured through a third party that receives proceeds from the sale of your property and disburses it upon completion of an exchange property purchase.<\/li>\n<li>An exchange property must be designated within 45 days of the sale of your property, and you must close on the new property within 180 days.<\/li>\n<li>NJ has a mandatory withholding tax for non-resident property sellers who execute a 1031 exchange.<\/li>\n<\/ul>\n<p><\/div><h4 class=\"ffb-id-4cmoafq6 fg-heading text-left    fg-text-dark\">Request NJ 1031 Exchange Services<\/h4><p class=\"ffb-id-4cmob5u8 fg-paragraph text-left    fg-text-dark\">NJ real estate investors who want to take the risk and uncertainty out of complicated transactions like 1031 exchanges turn to Black River Title for real estate closing and settlement services. Title searches, document preparation, escrow accounts, and tax reporting are handled smoothly, on a reliable timeline, and with full transparency for all involved parties. Call the Black River Title team at 908-979-8982 to request a NJ title search or schedule a real estate closing.<\/p><\/div><div class=\"ffb-id-4cmo5spm fg-col col-xs-12 col-md-4 fg-text-dark\"><div class=\"ffb-id-4cmobf8r ffg-empty-space fg-text-dark\"><\/div><h3 class=\"ffb-id-4cmobjuc fg-heading text-center    fg-text-dark\">REAL ESTATE CLOSING &amp; SETTLEMENT<\/h3><div class=\"ffb-id-4cmoc06u fg-paragraph ff-richtext text-center    fg-text-dark\"><\/p>\n<p><a href=\"http:\/\/brts.sitepreview.pro\/?page_id=1457\">1099 TAX REPORTING<\/a><\/p>\n<p><\/div><p class=\"ffb-id-4cmocn4b fg-paragraph text-center    fg-text-dark\">1031 EXCHANGES<\/p><div class=\"ffb-id-4cmod0dv fg-paragraph ff-richtext text-center    fg-text-dark\"><\/p>\n<p><a href=\"http:\/\/brts.sitepreview.pro\/?page_id=1151\">TITLE INSURANCE &amp; TITLE SEARCH SERVICES<\/a><\/p>\n<p><\/div><div class=\"ffb-id-4cmod8hn fg-paragraph ff-richtext text-center    fg-text-dark\"><\/p>\n<p><a href=\"http:\/\/brts.sitepreview.pro\/?page_id=1214\">PROPERTY SURVEYS<\/a><\/p>\n<p><\/div><div class=\"ffb-id-4cmodj4l fg-row row     fg-el-has-bg fg-text-dark\"><span class=\"fg-bg\"><span data-fg-bg=\"{&quot;type&quot;:&quot;color&quot;,&quot;opacity&quot;:1,&quot;color&quot;:&quot;#ffffff&quot;}\" class=\"fg-bg-layer fg-bg-type-color \" style=\"opacity: 1; background-color: #ffffff;\"><\/span><\/span><div class=\"ffb-id-4cmodkqa fg-col col-xs-12 col-md-4 fg-text-dark\"><\/div><div class=\"ffb-id-4cmodm05 fg-col col-xs-12 col-md-4 fg-text-dark\"><img class=\"ffb-id-4cmodrji fg-image  img-responsive full-width fg-text-dark\" src=\"http:\/\/brts.sitepreview.pro\/wp-content\/uploads\/2020\/10\/cta-5.png\" alt=\"cta-5\"><\/div><div class=\"ffb-id-4cmodm5u fg-col col-xs-12 col-md-4 fg-text-dark\"><\/div><div class=\"ffb-id-4cmodmc8 fg-col col-xs-12 col-md-12 fg-text-dark\"><h3 class=\"ffb-id-4cmoe9ja fg-heading text-center    fg-text-dark\">BEGIN YOUR TITLE SEARCH.<\/h3><p class=\"ffb-id-4cmoeipj fg-paragraph text-center    fg-text-dark\">Fast. Affordable. Comprehensive.<\/p><div class=\"ffb-id-4cmoeuum buttons-el-wrapper text-center    fg-text-dark\"><a href=\"#\" class=\"ffb-block-button-1-0 ffb-btn ffb-btn-v1 ffb-btn-link  btn-base-brd-slide btn-slide  btn-base-md    btn-w-auto fg-text-dark ffb-button1-1\"><span class=\"btn-text\">START NOW<\/span><\/a><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/section><style>.ffb-id-4cmo52a1{ margin-top: 20px;padding-top: 10px;padding-right: 10px;padding-bottom: 10px;padding-left: 10px;}.ffb-id-4cmo52a1{ border: 5px solid } !important;}.ffb-id-4cmo5co4{ margin-right: 10px;}.ffb-id-4cmo5co4 .ffb-id-4cmodj4l{ margin-top: 10px;padding-top: 5px;padding-bottom: 5px;}.ffb-id-4cmoeuum .ffb-button1-1.ffb-block-button-1-0.btn-base-brd-slide{ color:#ffffff;}.ffb-id-4cmoeuum .ffb-button1-1.ffb-block-button-1-0.btn-base-brd-slide:hover{ color:#ffffff;}.ffb-id-4cmoeuum .ffb-button1-1.ffb-block-button-1-0.btn-base-brd-slide{ border-color: transparent;}.ffb-id-4cmoeuum 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