When Congress passed the Housing Assistance Tax Act of 2008, their goal was to help individuals in danger of losing their homes to foreclosure. However the bill also included a modificazation to the Section 121 exclusion of gain on the sale of a primary residence. For more information about doing a 1031 on a vacation home available in these valuable downloads

Establishing Intent on Vacation Homes (pdf 565KB)Go
   Includes:
  • Do Vacation Homes Qualify Under IRS 1031?
  • Does the IRS Define Investment?
  • Suggestions That May Help Prove Intent
 
The Confidence of a Great Decision (pdf 569KB)Go
   Includes:
  • How to feel Confident When Selecting a Qualified Intermediary
  • Safety and Security of Exchange Funds
  • Handling of Exchange Funds
  • Experience, Structure & Affiliations
 
Housing Assistance Tax Act of 2008 (pdf 566KB)Go

   Includes:

  • Section 121 Primary Residence Exclusion
  • Modification to Primary Residence Exclusion
  • Affec on 1031 Exchange Planning