Gold and Silver 1031 Exchange Frequency

Posted by Andy Gustafson on Tue, May 24, 2011

A good 1031 exchange question surfaced yesterday from a client holding unallocated silver bullion. His intent is to hold the unallocated, sell and replace, taking physical possession of the silver. He works through a broker/dealer who advises when to sell and replace. His intent is to hold the physical silver for investment until the market and his adviser suggest it is in his economic interest to sell. Is this transaction eligible for 1031 tax deferral treatment? Yes, it is but what about frequent exchanges occurring in less than a year?

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Tags: silver bullion 1031 exchange, Gold, Silver

Gold, Silver, Copper 1031 Review

Posted by Andy Gustafson on Mon, May 16, 2011

Internal Revenue Code Section 1031 states that no gain will be recognized on property held for productive use in business or investment when exchanged for like kind property held for productive use in business or investment. Any real or personal property qualifies given it is held for the proper intent. Precious metals qualify as personal property. 

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Tags: 1031 exchange, Gold, Silver, Copper

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