That way the taxpayer remains consistent through the 1031. 

It is the taxpayer who must remain consistent from sell to buy. 

Estimated Tax Payments: Lesser of 100% of the tax shown on the taxpayer's return for the preceding year or 90% of his tax for the current year.

For example: a taxpayer exchanged land in Pennsylvania for land in Florida,california.

If your tax payments (quarterly estimates or withholding) equal or exceed 90% of your tax liability for the current year. 2.

GSE is a government sponsored entity... us taxpayers support the GSE.

To do this means:The taxpayer must spend the majority of his or her time in the real property business, AND; The taxpayer must spend at least 750 hours or more in the real property business and rentals in which he or she materially participates.This being said, tax benefits from a syndication regardless are one of the main attractions no matter what bucket you are in.And I recommend a CPA as stated for I am not one :)

Recently the property that had I had up for collateral on the loan was going up for tax sale and I made and agreement that I would pay the back taxes on the property and one other property if he would let me close on the house by putting my interest and tax payment towards the payment of the home.

Advantages are that you only need to form and pay for the initial series LLC, file one franchise tax report, file one tax return, and pay one franchise tax payment if required by the state the LLC was formed in. 4.

And it doesn't really cost the taxpayers as much money as they're putting out because the principal is getting returned to the taxpayer when that buyer sells the home.What I really like is that its only for first time home buyers and only for new construction.