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Last Updated: 4/6/2018

Real Property Exchange - IRC 1031

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Deed Tax

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​United States law IRC Code Section 1031 property exchanges allows properties to be transferred to a qualified intermediary prior to being transferred to a buyer. The following interpretations apply in determining the consideration for these transfers.

  • Deed transferring property to the intermediary should be taxed based on the value of the real property being conveyed.
  • Deed transferring property to the buyer from intermediary should be taxed based on the fee charged by the intermediary.