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To complete a 1031 exchange in Taftville, CT, 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 Taftville, CT 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 Taftville, CT. We understand that navigating a 1031 exchange…
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Taftville is a small village located in the town of Norwich, Connecticut. It became a city in 1866 and has a rich history rooted in the textile industry. The village was named after Charles P. Taft, who was a partner in the Ponemah Mills located in the area. It has since evolved into a residential community with a mix of historic and newer homes.
The population of Taftville, CT, is approximately 2,000 residents. The village offers a tight-knit community feel with various local amenities, including parks, schools, and small businesses. Taftville is known for its picturesque landscapes and proximity to the Shetucket River, making it an attractive place to live for those seeking a quieter lifestyle.
In terms of the real estate market, Taftville offers a range of housing options, including single-family homes, townhouses, and apartments. The median home price in Taftville is around $200,000, making it an affordable option for first-time homebuyers and families. The market in Taftville is stable, with a mix of property types to suit different preferences and budgets.
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.
