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1031 Tax Deferred Exchange Worksheet

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1031 Tax Deferred Exchange Worksheet Powered By Docstoc
					1031 Exchange Worksheet-Single Property
Prepared for: Exchange Date:

Client 1/1/2007

Broker: Phone: GIVEN $0 $0 $0 $0 $0

Your Name Your Phone
RECEIVED $0 $0 $0 $0 $0

Equity Calculation
E1 E2 E3 E4 E5 E6 E7 E8

FMV of property exchanged less: Existing mortgages Equity Net boot added Equity balance Detail of boot added: cash other financing other unlike property

Basis of Property Given
B1 B2 B3 B4 B5

Original cost (or basis) 1/1/2000 purch. date add: Purchase expenses Cost (basis) of property GIVEN less: Accumulated depreciation (allowed/allowable) Adjusted basis of property GIVEN

$0 $0 $0 $0 $0

Realized Gain/(Loss)
R1 R2 R3 R4 R5 R6 R7 R8 R9 R10 R11 R12

FMV of qualifying property RECEIVED Cash RECEIVED less: Cash GIVEN FMV of other boot RECEIVED less: FMV of boot (not cash) GIVEN up Net liabilities assumed by other party Exchange expenses Total consideration RECEIVED less: Adjusted basis of property GIVEN Net liabilities assumed by taxpayer Total consideration GIVEN Gain realized on exchange

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0

Recognized Taxable Gain
T1 T2 T3 T4 T5 T6 T7 T8

Cash & Boot Cash & boot (not cash) RECEIVED Cash & boot (not cash) GIVEN Exchange expenses Net cash & boot (not cash) RECEIVED Mortgage Relief Mortgage on property GIVEN Mortgage assumed on property RECEIVED Net mortgage relief Gain recognized (taxable)

$0 $0 $0 $0 $0 $0 $0 $0

Basis of New Property Received
N1 N2 N3 N4 N5 N6 N7 N8 N9 N10 N11 N12 N13 N14 N15

Adjusted basis of "like" property GIVEN Adjusted basis of boot property GIVEN Cash GIVEN Mortgage assumed on property RECEIVED Subtotal Cash RECEIVED Mortgage on property GIVEN Subtotal add: Gain recognized on exchange add: Gain recognized on boot GIVEN less: Loss recognized on boot GIVEN Exchange expenses Basis of all new property RECEIVED Basis of new boot property RECEIVED Basis of new "like" property RECEIVED

$0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 $0


				
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posted:4/29/2008
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Description: Balance equities and determine basis of a 1031 Exchange
Jordan Guzman Jordan Guzman President
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