1031 Vocabulary
Tenancy-in-common (TIC)
A co-ownership arrangement in which multiple parties own undivided interests in a single piece of property. TIC interests have become popular replacement property for section 1031 exchangers.
 
Home arrow Book Reviews arrow Christian Johnson
Friday, 03 September 2010
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“The explosion of section 1031 activity begs for a book like Borden’s. Borden has more than succeeded in his goal of balancing “technical description with presentation” in the complicated arena of section 1031 exchanges. His highly readable and comprehensive work will bring order and comprehension to the thinking of property owners, CPAs, brokers, attorneys, and other professionals that practice in the increasingly important area of section 1031. Borden is able to translate such technical terms as improvements exchange, exchange accommodation titleholder, and non-safe harbor reverse exchange into understandable and readable prose.”

Christian Johnson, Tax Law Professor, Loyola University of Chicago School of Law, and Certified Public Accountant
 
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