George4Tacks
Level 15

"he did deposit his original sale into his checking account," therefore he did not meet all the requirements of IRC 1031. You gotta use an intermediary, or do a same day exchange. 

Mr Starker start the whole ball rolling for doing a delayed exchange and many rules & regs have been written since. Hopefully he didn't ask you any questions before he did this. 

https://www.investopedia.com/financial-edge/0110/10-things-to-know-about-1031-exchanges.aspx


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