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Exchange News
Spring 2008
Realty Exchange Corporation
“Your Nationwide Qualified Intermediary for Tax-Deferred Exchanges since 1990″
Revenue Procedure 2008-16
Last year the IRS promised to give us more guidance on vacation homes. Revenue Procedure 2008-16 is an effort in this direction. The purpose of the Revenue Procedure is to provide a Safe Harbor under which the IRS will not challenge […]
IRS REVENUE PROCEDURE 2008-16
SAFE HARBOR
IRS WILL NOT CHALLENGE IF A DWELLING UNIT
WITH PERSONAL USE QUALIFIES FOR 1031 EXCHANGE
New IRS Revenue Procedure 2008-16 is effective for exchanges of dwelling units occurring on or after March 10, 2008.
The purpose of the Revenue Procedure 2008-16 is to provide a Safe Harbor under which the IRS […]
Read: IRS will not challenge personal use for 1031 ex-change
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