What is an Exchange Accommodation Titleholder (“EAT”)?
Under the reverse exchange guidelines, a taxpayer seeking to accomplish a reverse exchange must first contract with an Exchange Accommodation Titleholder (the “EAT”), under which the EAT would agree to purchase the Replacement Property utilizing a non-recourse loan from the seller or a friendly lender. The Replacement Property would in effect be “parked” with the EAT until the Relinquished Property is sold.
Related Questions
- We accepted a student with a disability from another university on one of our colleges exchange programs. Which college is responsible for the accommodation costs?
- Do the fluctuating exchange rates and/or increases in accommodation and transportation costs affect me?
- What is an Exchange Accommodation Titleholder?
