Tag: Real Estate

Read Insights and Resources tagged with "Real Estate"

Validity of “Swap and Drop” Transactions Confirmed by BOE

The California Board of Equalization has held that a “Swap and Drop” transaction has qualified for tax-deferred treatment under Section 1031. This decision counters the Franchise Tax Board’s longstanding view that such transactions preclude taxpayers from the requisite holding of the replacement property for use in a trade or business. While not precedential, the ruling should provide some comfort to real estate investors engaging in these types of transactions.

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