1031 Exchange Rules - stolen

My question is: US-specific
QUESTION: I would like to complete a 1031 exchange on a rental I have owned
for 10 years. Can I sell the property to someone who has been, but is not
now on the title or the loan? This person is not related to me.
david ingram replies
Sure but pay attention to the following.
I do not remember where I found this way back when but I did not write it
and my apologies and thanks to whomever did.
A 1031 deferred exchange is an exchange in which you sell your qualified
property called  the “Relinquished Property” and subsequently purchase
qualified property called the “Replacement Property”.
1.	The properties must qualify and be of “like-kind”.
2.	There must be an actual exchange of property, real property for real
property, not a transfer of property for money only.
3.	The time requirements must be strictly followed without exception.
Qualified Properties
For income tax purposes, real estate is divided into four (4)
classifications.  The Classifications are:
1.	Held for business use (§1231)
2.	Held for investment (§1221)
3.	Held for personal use
4.	Held primarily for sale (dealer property)
The first two classifications, held for business use & held for investment,
qualify for §1031.  The second two, held for personal use & held primarily
for sale, do not.
Under §1031, both business and investment property qualify.  It does not
require only business property for business property or investment property
for investment property.  You can mix the classifications.  For example, you
can exchange a rental property (business property) for unimproved land
(investment property).
Time Restrictions
The first time limitation requires a Replacement Property to be identified
within 45 calendar days of the transfer of the Relinquished Property.  This
is called the “Identification Period”.
The second time limitation is called the “Exchange Period”.  The exchange
period begins on the date you transfer the relinquished property and ends
180 calendar days thereafter.  The exchange must be completed during the
“exchange period”.
Replacement Property
There are limitations on how many replacement properties you may identify in
the same deferred exchange, no matter how many relinquished properties you
1.	You may identify three (3) properties without regard to the fair market
value of the properties; or
2.	Any number of properties, as long as their aggregate fair market value at
the end of the identification period, does not exceed 200% of the aggregate
fair market value of all the relinquished properties, as of the date when
the relinquished properties were transferred.
However, there are exceptions to these rules.  First, any replacement
property received by you before the end of the identification period will be
treated as properly identified, regardless of whether the three property
rule and 200% rule are violated.
Second, if the three property rule and 200% rule are violated, you are still
treated as properly identifying any replacement property identified before
the end of the identification period and received before the end of the
replacement period, if the fair market value of the replacement property
received is at least 95% of the aggregate fair market value of all
identified replacement property.  This is referred to as the “95 percent
Identification of Replacement Property
Replacement property is identified only if it is designated as replacement
property in a written document (example attached) signed by the taxpayer and
hand delivered, mailed, faxed, or otherwise sent before the end of the
identification period to this office.
Completion of 1031 Exchange
You actually acquire the replacement property, close the transaction prior
to the end of the exchange period and the replacement property acquired is
the same as identified during the 45 day identification period.
The secret to a successful deferred exchange is to avoid receipt of money
during the transaction.
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