Yerkes Upstate SC Blog
19
Apr

1031 Exchange Expense Inclusions

Here are expenses that are often encountered at closing, and included on the "HUD-1" Settlement Statement, which generally are considered by experts to be included as part of the 1031 Exchange calculation:

RELINQUISHED PROPERTY
Escrow for Repairs
Commission
Loan Fees
Title Charges
Recording Fees
Additional Charges
Termite
Courier Fees
Exchange Fees

REPLACEMENT PROPERTY
Title Charges
Title Insurance
Recording Fees
Additional Charges
Exchange Fees
Termite
Courier Fees
Survey

EXCLUSIONS: Expenses relating to debt relief, taxes, insurance, prepaids, interested, association fees, etc., while a part of the settlement transaction, are generally NOT included in the 1031 Exchange calculation.

As with all information of this type, you need to consult competent 1031 Exchange tax professionals for specific guidance relating to your particular needs.


See also our article: 1031 Investments


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