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1. a. Name: _______________________________________ b. Taxpayer is an individual, a trust (revocable or irrevocable), a partnership, a corporation ("C" or "S"), or LLC: ____________________________________________________________________________________ 2. a. Anticipated closing date of property being relinquished? _____________________________________________ 3. a. Property(ies) being relinquished:
b. Anticipated replacement property, if known:
4. With respect to the property being relinquished:
5. Purpose for the property being relinquished? _____________________________________________________________________________________ _____________________________________________________________________________________ 6. Intention for the use of the replacement property? _____________________________________________________________________________________ _____________________________________________________________________________________ 7. Any recent refinancing on the property being relinquished or intention to refinance this property before the exchange? Yes / No. If yes, when, for what amount and for what purpose? _____________________________________________________________________________________ _____________________________________________________________________________________ 8. After the exchange, any intention to refinance the property being acquired? Yes / No. If yes, when, for what amount and what purpose? _____________________________________________________________________________________ _____________________________________________________________________________________ 9. Any anticipation of disposition (e.g., sale, gift) of the acquired property in the future? Yes / No. If yes, explain: _____________________________________________________________________________________ _____________________________________________________________________________________ 10. Will any personal property (e.g. furniture or equipment) be received as a result of this transaction? Yes /No. If so, what value has been placed on it? _____________________________________________________________________________________ 11. Is any personal property (e.g. furniture or equipment) being relinquished in this transaction? Yes / No. If so, what value has been placed on it? _________________ 12. Any promissory notes, cash or non-like-kind property to be part of the transaction or any other boot? Yes / No. If so, explain: _____________________________________________________________________________________ _____________________________________________________________________________________ 13. Are any major expenditures (capital improvements or structures to be built) anticipated to be made to any of the properties? Yes / No. If yes, which property? _____________________________________________________________________________________ What is the estimated cost? $_________________________________________ 14. Is there a need to have the replacement property acquired before the disposition of the property being relinquished (i.e. "Reverse Starker")? _______________________________________________________________ |