1031 Exchange Lawyers. The real estate tax deferred exchange is an alternative to a common sale and purchase transaction regulated by the IRS Code §1031. Our qualified Lead Counsel 1031 Exchange Attorneys can help assure your 1031 tax exchange complies with all applicable laws or if you are interested in other investment real estate options.
What Is A Qualified Intermediary?
The IRS says if you touch the money you pay the tax. However, if you use a qualified intermediary to transfer the money from the sold property into the purchased property, you qualify for a tax …
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Can I Get Legal Or Tax Advice From An Intermediary?
No, the IRS doesn't allow a person to act as both your qualified intermediary and your attorney or tax advisor. So work with your attorney and CPA to make sure your tax free exchange goes smoothly.
Can I Avoid Paying Taxes Forever?
Yes, you can. By simply following the 1031 exchange rules every time you sell one or more properties and buy replacement properties, when you die your estate escapes all the capital gains taxes …
