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To complete a 1031 exchange in Shipman, IL, you must work with a qualified intermediary to hold your funds and sign an agreement. At 1031 Nationwide, we can provide the expertise and support you need to ensure a successful exchange.
To participate in a 1031 exchange, you must first sell your existing property, which is known as the “relinquished property.” All deadlines for the exchange process are based on the closing date of the relinquished property, not the contract date.
Once you’ve sold your relinquished property, the next step in a 1031 exchange is to identify potential replacement properties to buy. This is a crucial step in the exchange process, and it must be completed within 45 days of the sale of the relinquished property.
The final step is to purchase the replacement property within 180 days of selling the relinquished property. This six-month window allows you to find and close on a suitable replacement that meets your investment goals and the exchange requirements.
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At 1031 Nationwide, our mission is to help you achieve your investment goals, while minimizing your tax liabilities and simplifying the 1031 exchange process. We understand that navigating a 1031 exchange in Shipman, IL can be complex and time-consuming, but with our expertise and experience, we can guide you every step of the way.
Our team of qualified intermediaries has helped countless investors across the country successfully complete their 1031 exchanges, unlocking new opportunities for growth and financial freedom. We offer personalized guidance and support throughout the entire process, from identifying potential replacement properties to closing the deal.
At 1031 Nationwide, we understand that completing a 1031 exchange can be a complex and daunting process. That’s why we offer a range of services to simplify the exchange process and help…
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At 1031 Nationwide, we are dedicated to helping real estate investors grow their portfolios and achieve their financial goals through 1031 exchanges. We understand that navigating the complexities…
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At 1031 Nationwide, our mission is to help you achieve your investment goals, while minimizing your tax liabilities and simplifying the 1031 exchange process in Shipman, IL. We understand that navigating a 1031 exchange…
Learn More
Shipman, located in Macoupin County, Illinois, was officially incorporated as a village in 1867. Over the years, it evolved into a quaint town known for its friendly community and rich history. With roots dating back to the 19th century, Shipman has preserved its small-town charm while embracing modern developments.
The population of Shipman, IL, is approximately 600 residents. This close-knit community enjoys a peaceful and relaxed lifestyle amidst the beautiful countryside of Illinois. Despite its small size, Shipman offers a range of amenities and services to cater to the needs of its residents, making it an ideal place for those seeking a tranquil environment.
The real estate market in Shipman reflects the town's charm and appeal. With a mix of historic homes and modern properties, there is a diverse range of housing options available to prospective buyers. The real estate market in Shipman offers opportunities for both homeowners and investors looking to be part of this quaint Illinois town.
We have worked with various companies, just a few we have partnered with. You can be assured that your 1031 Exchange will be handled appropriately.
