[WSBARP] DOR and reverse 1031 exchanges.

[Eric Nelsen]

Just saw a lunchtime CLE presentation last week by Mary B. Foster at 1031 Exchange Inc., that talked about this double REET issue for reverse 1031s. It doesn't sound good for the taxpayer.

Sincerely,

Eric

Eric C. Nelsen
Sayre Law Offices, PLLC
1417 31st Ave South
Seattle WA 98144-3909
206-625-0092
eric at sayrelawoffices.com<mailto:eric at sayrelawoffices.com>

From: wsbarp-bounces at lists.wsbarppt.com <wsbarp-bounces at lists.wsbarppt.com> On Behalf Of Craig Gourley
Sent: Friday, March 7, 2025 2:59 PM
To: WSBA Real Property Listserv <wsbarp at lists.wsbarppt.com>
Subject: [WSBARP] DOR and reverse 1031 exchanges.

Listmates.  DOR is once again out of their flipping minds.   We just argued in an audit of a reverse 1031 exchange and as expected lost because DOR is not required to use common sense or follow the law.  They are imposing a double excise tax on  a reverse exchange. Given my mood at the moment, I will stop here before I get into trouble.  Anyone interested in this latest garbage from the state please contact me off the listserve and I will provide you information.   This is a major problem because there are literally hundreds of millions of dollars in these  transactions that are now up for grabs by the State.



GOURLEY LAW GROUP
THE EXCHANGE CONNECTION
SNOHOMISH ESCROW
P.O. Box 1091
Snohomish, WA 98291
PH:  (360) 568-5065 (800) 291-8401
Fax: (360) 568-8092

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