www.boardpost.net/forum/...hp?topic=11498.msg189624#msg189624
Zitat govinsider:
Pg 27-28 early 1031 discussions:
www.kccllc.net/documents/0812229/0812229081223000000000028.pdf
1031 Exchange
A 1031 exchange allows an investor to dispose of investment property and acquire "like kind" replacement property. Provided that all of the rules are followed, the investor can defer paying capital gains tax that would otherwise have been due on the sale. First American Exchange Company is the nation's top qualified intermediary whose exclusive business is handling 1031 exchanges. First American Exchange offers solid financial strength, experience and nationwide service, and handles exchanges in all 50 states.
Deferred / Simultaneous
A simultaneous or deferred 1031 exchange allows an investor to dispose of investment property and acquire "like kind" replacement property either simultaneously or within 180 days of the closing of the sale.
Reverse Exchange
A reverse exchange allows an investor to close on the replacement property acquisition before the property to be disposed of closes. This is accomplished primarily by having the intermediary or an entity related to the intermediary temporarily take title to the replacement property.
Build to Suit or Improvement
A build to suit or improvement exchange allows an investor to add improvements to the replacement property prior to taking title to it in an exchange. This is accomplished by having the intermediary or an entity related to the intermediary temporarily take title to the replacement property.
Real Estate
An investor can exchange real estate for real estate in a 1031 exchange, provided that the property disposed of and property acquired are held for investment purposes or for use in the investor's business.
Personal Property
An investor can exchange personal property, such as equipment, automobiles, airplanes, art work and copyrights, for other like kind personal property in a 1031 exchange, provided that the property disposed of and property acquired are held for investment purposes or for use in the investor's business.
www.firstam.com/title/homebuilder/socal/.../1031-exchange.html
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Zitat Nightdaytrader9:
7. Assets of WMI’s Non-Debtor Subsidiaries, Other than WMMRC
Pursuant to applicable law, and as stated by the Bankruptcy Court at the March 21, 2011 hearing, the Bankruptcy Court’s jurisdiction is limited to assets of the Debtors and not to those of any non-Debtor subsidiary. However, because the value of the Debtors’ interests in such non-Debtor subsidiaries and non-Debtor assets, including WMMRC, ultimately accretes to the benefit of the Debtors’ chapter 11 estate, the Debtors have reflected such value in their liquidation and recovery analyses. To provide parties in interest with additional information, set forth below is information related to WMI’s direct and indirect subsidiaries as of the Petition Date, including WMMRC, as well as historical information regarding any transfers of assets by WMI’s non-Debtor subsidiaries from and after the Petition Date. Pursuant to Section 1.140 of the Seventh Amended Plan, WMI’s Equity Interest in all of its subsidiaries, except for WMI Investment, WMMRC and WMB, will be transferred to the Liquidating Trust. For the avoidance of doubt, and as set forth in more detail below, with the exception of a few de minimis residential real estate properties held by Ahmanson Obligation (defined below) as a result of mortgage foreclosures, neither the Debtors nor their non-Debtor subsidiaries hold any real estate.
The general background and status of the Non-Debtor Non-Banking Subsidiaries set forth below is delineated as follows: (a) subsidiaries currently owned by WMI, (b) subsidiaries merged on or prior to December 30, 2008, (c) subsidiaries merged in April 2009, and (d) subsidiaries merged or liquidated on June 30, 2010.
a.
Currently Owned WMI Non-Banking Subsidiaries, Other than WMMRC
WaMu 1031 Exchange. Prior to the Petition Date, WaMu 1031 Exchange (“WaMu 1031”) facilitated Section 1031 exchanges for residential and commercial property owners. Specifically, WaMu 1031 provided qualified intermediary services to assist real estate investors in deferring capital gains taxes with respect to real estate transactions involving investment properties. WaMu 1031 Exchange was formed as a combination of three predecessor 1031 exchange companies and processed 15,000 exchanges annually, with each exchange averaging $300,000 to $400,000 in size. WaMu 1031 ceased facilitating exchanges, however, in July 2009. The company has been undergoing a wind-down process and currently has no employees, offices or assets other than cash. Since the Petition Date, WaMu 1031 has paid $4 million to WMI, either as distributions or in satisfaction of obligations to WMI. WaMu 1031’s balance sheet as of October 31, 2011 is shown below in Section IV.IV.8.
www.sec.gov/Archives/edgar/data/933136/...jg02-2712_8ke22.htm
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8.
WMI Non-Debtor Subsidiary Balance Sheets
Balance sheets as of October 31, 2011 for all the WMI subsidiaries, save WMI Investment and WMMRC, are below. For financial information regarding WMMRC, refer to Article VII of this Disclosure Statement. For WMI Investment’s balance sheet, refer to the Debtors’ MORs.
WaMu 1031 Exchange Balance Sheet
(Unaudited)
...............
........
Total Assets $1,421,987.48
www.sec.gov/Archives/edgar/data/933136/...jg02-2712_8ke22.htm
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Per the Global Settlement Agreement, the Debtors currently estimate that their share of the total estimated Tax Refunds will be approximately $2.17 billion, after the distribution that may be payable to holders of WMB Senior Notes.
(iii)
Transfer of Assets to JPMC
Pursuant to the Global Settlement Agreement, WMI, WMI Investment, Ahmanson Obligation Company, H.S. Loan Corporation, WAMU 1031 Exchange, WMMRC, WM Citation Holdings, LLC, WMI Rainier LLC and Washington Mutual Capital Trust 2001 (collectively, the “WMI Entities”), the FDIC Receiver and the Receivership, will sell, transfer, and assign (or cause to be sold, transferred or assigned) to the JPMC Entities, and the JPMC Entities will acquire, pursuant to the Seventh Amended Plan and sections 363 and 365 of the Bankruptcy Code, free and clear of all liens, Claims and encumbrances, or otherwise waive and relinquish any and all right, title and interest any of the WMI Entities, the FDIC Receiver and the Receivership may have in the following assets, each of which is described in detail herein: (i) the Trust Preferred Securities, (ii) the Washington Mutual, Inc. Flexible Benefits Plan (the “Medical Plan”) and any checks made out to or received by WMI or otherwise for the benefit of the Medical Plan including pharmacy rebates in connection with contracts associated with the Medical Plan which includes uncashed checks in an amount equal to the pharmacy rebates received by the WMI Entities from and after the Petition Date currently estimated to be approximately $776,000, (iii) those certain JPMC Rabbi Trusts, set forth in the Global Settlement Agreement and the Seventh Amended Plan, and certain JPMC Policies (i.e., BOLI/COLI policies and the proceeds thereof), as identified in the Global Settlement Agreement and as defined in the Seventh Amended Plan, (iv) the two defined benefit plans sponsored by WMI, the WaMu Pension Plan (the “WaMu Pension Plan”) and the Retirement Income Plan for the Salaried Employees of Lakeview Savings Bank (the “Lakeview Pension Plan” and, together, the “Pension Plans”) and all of WMI’s interest in the assets contained in any Pension Plan-related trusts or assets that are otherwise associated with such plans (subject to the correction and satisfaction of certain potential defects and remediation obligations, as set forth in the Global Settlement Agreement), (v) the proceeds of litigation commenced by Anchor Savings Bank FSB, described herein, (vi) the Visa Shares and the VISA Strategic Agreement (as defined in the Global Settlement Agreement), (vii) certain intellectual property identified in the Global Settlement Agreement and as described below, (viii) WMI Investment’s indirect membership interest in a portfolio holding company, JPMC Wind Investment Portfolio LLC, which owns an Equity Interest in certain wind investment projects, discussed below, (ix) certain bonds issued by certain insurance or bonding companies on behalf of WMB and FSB, pursuant to that certain general agreement of indemnity, dated as of June 14, 1999, executed and delivered by WMI, and (x) certain Tax Refunds (as discussed herein and as set forth in Section 2.4 of the Global Settlement Agreement), in each case, free and clear of all liens, Claims, interests and encumbrances, except for any Claim that is an Allowed JPMC Assumed Liability.
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""""Total Assets $1,421,987.48""""""
DAT BE A HO LOT MO DAN 100 mill $$$$$$$$$$$$$$$ aint it???????????????????????
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WAMU 1031 EXCHANGE - Trademark Details
Status: 710 - Cancelled - Section 8
Image for trademark with serial number 78953666
Serial Number78953666
Registration Number3566059
Word MarkWAMU 1031 EXCHANGE
Status710 - Cancelled - Section 8
Status Date2015-08-21
Filing Date2006-08-16
Registration Number3566059
Registration Date2009-01-20
Mark Drawing4000 - Standard character mark Typeset
Published for Opposition Date2007-03-20
Attorney NameJessica L. Rothstein
Law Office Assigned Location CodeM80
Employee NameMEYERS, MORGAN LAURA
Statements
Disclaimer with Predetermined Text"1031"
Goods and ServicesEducational services, namely, providing classes, seminars, conferences and workshops in the field of tax planning, financial planning and financial investment; educational services, namely, providing classes, seminars, conferences and workshops in the field of real property investment and asset investment; educational services, namely, providing classes, seminars, conferences and workshops in the field of IRS § 1031 tax deferred property exchange transactions
Classification Information
International Class041 - Education; providing of training; entertainment; sporting and cultural activities. - Education; providing of training; entertainment; sporting and cultural activities.
US Class Codes100, 101, 107
Class Status Code2 - Sec. 8 - Entire Registration
Class Status Date2015-08-21
Primary Code041
First Use Anywhere Date2007-02-16
First Use In Commerce Date2007-02-16
Correspondences
NameJessica L. Rothstein
AddressPlease log in with your Justia account to see this address.
Prior Registrations
Relationship Type Reel Number
Prior Registration 2315782
Prior Registration 2483253
Prior Registration 2498860
Trademark Events
Event Date Event Description
2006-08-23 NEW APPLICATION ENTERED IN TRAM
2006-08-24 NOTICE OF PSEUDO MARK MAILED
2007-01-04 ASSIGNED TO EXAMINER
2007-01-04 NON-FINAL ACTION WRITTEN
2007-01-04 NON-FINAL ACTION E-MAILED
2007-01-04 APPROVED FOR PUB - PRINCIPAL REGISTER
2007-02-07 ASSIGNED TO LIE
2007-02-07 LAW OFFICE PUBLICATION REVIEW COMPLETED
2007-02-28 NOTICE OF PUBLICATION
2007-03-20 PUBLISHED FOR OPPOSITION
2007-06-12 NOA MAILED - SOU REQUIRED FROM APPLICANT
2007-12-10 TEAS EXTENSION RECEIVED
2007-12-26 TEAS CHANGE OF OWNER ADDRESS RECEIVED
2007-12-26 APPLICANT/CORRESPONDENCE CHANGES (NON-RESPONSIVE) ENTERED
2007-12-10 EXTENSION 1 FILED
2008-01-04 EXTENSION 1 GRANTED
2008-06-11 TEAS EXTENSION RECEIVED
2008-06-11 EXTENSION 2 FILED
2008-06-11 EXTENSION 2 GRANTED
2008-09-26 TEAS STATEMENT OF USE RECEIVED
2008-09-26 TEAS EXTENSION RECEIVED
2008-09-26 TEAS VOLUNTARY AMENDMENT RECEIVED
2008-09-29 CASE ASSIGNED TO INTENT TO USE PARALEGAL
2008-09-26 AMENDMENT AFTER NOA NOT ENTERED
2008-09-26 EXTENSION 3 FILED
2008-09-29 EXTENSION 3 GRANTED
2008-09-26 USE AMENDMENT FILED
2008-09-29 STATEMENT OF USE PROCESSING COMPLETE
2008-10-17 ASSIGNED TO EXAMINER
2008-11-24 ASSIGNED TO EXAMINER
2008-11-26 SU - NON-FINAL ACTION - WRITTEN
2008-11-26 NON-FINAL ACTION E-MAILED
2008-11-26 NOTIFICATION OF NON-FINAL ACTION E-MAILED
2008-12-11 SU-EXAMINER'S AMENDMENT WRITTEN
2008-12-11 EXAMINERS AMENDMENT E-MAILED
2008-12-11 NOTIFICATION OF EXAMINERS AMENDMENT E-MAILED
2008-12-12 EXAMINER'S AMENDMENT ENTERED
2008-12-16 SU-EXAMINER'S AMENDMENT WRITTEN
2008-12-16 EXAMINERS AMENDMENT E-MAILED
2008-12-16 NOTIFICATION OF EXAMINERS AMENDMENT E-MAILED
2008-12-16 EXAMINER'S AMENDMENT ENTERED
2008-12-17 ALLOWED PRINCIPAL REGISTER - SOU ACCEPTED
2008-12-17 ASSIGNED TO LIE
2008-12-17 LAW OFFICE REGISTRATION REVIEW COMPLETED
2009-01-20 REGISTERED-PRINCIPAL REGISTER
2010-03-15 TEAS CHANGE OF OWNER ADDRESS RECEIVED
2010-03-15 APPLICANT/CORRESPONDENCE CHANGES (NON-RESPONSIVE) ENTERED
2012-04-18 AUTOMATIC UPDATE OF ASSIGNMENT OF OWNERSHIP
2012-05-09 AUTOMATIC UPDATE OF ASSIGNMENT OF OWNERSHIP
2012-07-03 TEAS REVOKE/APPOINT ATTORNEY RECEIVED
2012-07-03 ATTORNEY REVOKED AND/OR APPOINTED
2015-08-21 CANCELLED SEC. 8 (6-YR)
trademarks.justia.com/789/53/wamu-1031-78953666.html
------------------------------
Re Trademarks, it appears the WMILT sold those "for consideration" back in 2014. So at least they get that $$ out of the deal.
det
www.boardpost.net/forum/...hp?topic=11498.msg189641#msg189641
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Zitat det_sherlock:
Quote from: Scott Fox on July 29, 2017, 11:33:07 AM
"Personal Property
An investor can exchange personal property, such as equipment, automobiles, airplanes, art work and copyrights, for other like kind personal property in a 1031 exchange, provided that the property disposed of and property acquired are held for investment purposes or for use in the investor's business." As they use to say on Laugh in, "very interesting" Gov and it's not stupid. Could be the wrong link you gave though.
newflow logic posted some trademark transfers. This one, in 2014, was WMILT selling the trademarks for Timcor [1031 exchange-related?] for "just and fair compensation." "Assignment of the entire interest and the goodwill."
I thought Jay Senese's posts re websites showed that Timcor was related to our 1031 exchange [another name for?], and was somehow family owned and had retaken control, or reupped to continue business.
det
assignments.uspto.gov/assignments/assignment-tm-5350-0642.pdf
Zitatende
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MfG.L:)
Alles nur meine pers. Meinung, kein Kauf- oder Verkaufs-Empfehlung!