Old property that is being sold by the Exchanger. (Formally called the Down leg property, currently called Phase I property).
The property that the taxpayer begins the exchange with. This is the property that he or she wishes to dispose of in the exchange.
The property disposed of in an exchange.
The property the taxpayer is selling.
The property to be sold or disposed of by the Exchangor in the tax-deferred, like-kind exchange transaction. Replacement Property: The like-kind property to be acquired or received by the Exchangor in the tax-deferred, like-kind exchange transaction.
Property being sold; property being replaced; old property; "downleg"
Old property, property being sold by the Exchanger. (Use to be called the Downleg property, now commonly called Phase I property).
The property that is exchanged by the Exchanger. This is sold by the accommodator in Phase I of the deferred exchange.
The property given up by the Exchanger in the 1031 exchange transaction. This portion of the exchange transaction is sometimes referred to as Phase One.
The property being sold/exchanged by the Exchanger.
Phase I, Downleg, property received in an exchange by taxpayer. Replacement Property: Phase II, Upleg, property to be sold in an exchange by taxpayer.
The investment property that the Exchangor has sold subject to the original intent of the tax-deferred exchange as shown in the special clauses of the sales contract and the Property Exchange Agreement with the Qualified Intermediary.
The original property being sold by the taxpayer when making an exchange.
The property sold. The property given up by the Exchanger to start the 1031 exchange transaction. This is the Phase One of the transaction.
Investment property sold as part of an exchange.
Property Taxpayer disposes of in exchange.