1031 Exchanges; and Why You Need an Expert.
1031 exchanges are arguably one of the most powerful tools one can use when selling or purchasing land, however they can also be complicated and to successfully utilize this tax deferring tool you need to use an expert.
A tax-deferred exchange is a method by which a property owner trades one or more relinquished properties for one or more replacement properties of "like-kind", while deferring the payment of federal income taxes and some state taxes on the transaction.
Some qualifications and certain limitations may apply to subject properties. An expert will be able to guild you through this process and ensure that you get the most out of your 1031 exchange.
Our extensive experience with 1031 Exchanges has helped many of our clients effectively utilize this tax deferred tool in their real estate transactions.
Questions about 1031 exchanges? We would happy to assist you with any question you may have about 1031 exchanges.
A tax-deferred exchange is a method by which a property owner trades one or more relinquished properties for one or more replacement properties of "like-kind", while deferring the payment of federal income taxes and some state taxes on the transaction.
Some qualifications and certain limitations may apply to subject properties. An expert will be able to guild you through this process and ensure that you get the most out of your 1031 exchange.
Our extensive experience with 1031 Exchanges has helped many of our clients effectively utilize this tax deferred tool in their real estate transactions.
Questions about 1031 exchanges? We would happy to assist you with any question you may have about 1031 exchanges.
posted by Rob Pfister at
8:32 AM
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