All Forum Posts by: Eric Amundson

Thank you again Jason. That sounds like a great referral.  It sounds like your suggestion about an annuity is going to be requiured in some way to pull of this plan that I am trying to construct.

What firm do you work for and what do you folks specialize in?

Thank you Ashish,

   That is exactly what I wanted to hear, that the proceeds can actually be tax deferred into Treasuries, through a QI.  I really didn't want to receive regular installment payments from it, though, but that still sounds like the best option for me.  I'm thinking that might get pretty complicated because liquidating treasures for that would not be easy.  Perhaps a chunk of it could be put in treasuries, with a smaller amount being put into and insurance product type of annuity, from which the installment payments could be made.   

Do you know if there would be a minimum annual amount of the original sale that would have to be paid out in installment payments every year?

Thank you Jason. I've been trying to avoid getting tied into another insurance product annuity because of the situation I'm in (probably soon to be passing this asset onto my heirs), and because of a bad experience I had with doing that once before. I wish I could just hold onto this property until my kids could inherit it with a stepped up cost basis, but circumstances are such that I really need to get rid of this property soon and get the proceeds into a long term passive income investment. I do have a good real estate attorney that can handle the closing of the sale of the property, but haven't been able to find a "qualified intermediary" to handle the re-investment/trust portion. Do you have any suggestions? I'm now looking into a DST (Delaware Statutory Trust) option. But that sounds complicated.

Thanks again for your input.

Thank you Bill. That helps.

     Although I know Wikipedia has questionable credibility, their writeup about Structured Sales seems to indicate that that process can be a workable alternative to a 1031 exchange or a 721 exchange.  But with my limited knowledge of how to research IRS codes, I can't find anything about it, except for "installment sales", which is not what I'm trying to do here.
   Thanks for your input.

Thank you Dave.  It sounds like your know what you are doing in this field. 

Thanks Katie.

Thank you Jason for your reply.  Yes, I understand that "exchanging" land for treasuries would not be allowed under tax code 1031.  But I've been reading that the IRS would allow for tax deferred benefits for this type of an exchange with a properly conducted "structured sale", where the seller would not have any access to the funds involved, turing the transaction process.  But I can't find much confirmation of that yet.  I suppose the real question here, is whether or not a "structured sale" is a viable alternative to a 1031 exchange or a 721 exchange?

Do any of you have experience in having a qualified intermediary broker a tax-deferred "Structured Sale" of real estate, in "exchange" for U.S. Treasuries? Can this even be done? How did you find a "qualified intermediary", willing to facilitate this for you?

Do any of you have experience in having a qualified intermediary broker a tax-deferred "Structured Sale" of real estate, in "exchange" for U.S. Treasuries? Can this even be done? How did you find a "qualified intermediary", willing to facilitate this for you?