J.P. King, API Reach Agreement for Use of Auctions in 1031 Property Exchanges
Published April 28th, 2006
US Auction Info
Press Release
Under a cooperative arrangement between Asset Preservation Inc. (API) and J.P. King Auction Company, the use of auctions will be offered as a way to accomplish the sale of properties within the 180-day exchange period required under 1031 regulations.
“Reverse and improvement exchanges are extremely powerful tools that provide benefits to investors through tax deferred exchanges, but the requirement that a relinquished property be sold within 180 days can present a challenge on certain properties,” said Javier G. Vande Steeg, president of API.
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