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IRC Section 1031 saves you money and increases your investment in your next real estate purchase. What is a 1031 Exchange? It is how Internal Revenue Code Section 1031 allows you to defer capital gains taxes and increase your investment proceeds for rental, investment and business property. Who can use an exchange? You, if you own rental, investment or business property. Read more. What is a Qualified Intermediary and do you have to have one? –Yes and here’s why. Why would you use a 1031 Exchange? See how Section 1031 provides you, the taxpayer, with a powerful wealth building and wealth preservation tool through deferral of capital gains taxes, thereby increasing the funds you have available for re-investment. The real question becomes, Why wouldn’t you use an exchange? What can you exchange? If it is not your primary residence, then chances are your property (rental homes, raw land, apartments, condos, duplexes, business property, even some vacation homes) qualify as exchangeable property. What is the difference between IRC Sections 1031 and 121? The difference is simple and the exciting part is that we can often legally “marry” these two code sections to ELIMINATE capital gains taxes! How are you protected in an exchange? See how you not only have the integrity and experience of our staff of CPAs, attorneys and real estate professionals, we also maintain a $5 million fidelity bond on each transaction and maintain errors and omissions coverage on all of our consultants. Financial and Real Estate Professionals – What you need to know. IRC Section 1031 Like-Kind Exchanges add tremendous value to your relationship with your clients and their investment portfolios. Clients are very pleased with you when they find out about what Section 1031 can do for their investment portfolio. Many of your clients may be paying taxes they could have deferred. Imagine the Possibilities – Real life examples. We have seen thousands of exchanges and have the experience to structure the best scenario for your objectives and particular situation. |
