Illinois 1031 Exchange Lawyers

Frequently Asked Questions

• What Is 1031 Exchange?
  A 1031 exchange is a method for deferring capital gains tax on a real estate transaction.
• How Can I Qualify To Defer My Taxes When I Sell My Property?
  Any investor can qualify! Section 1031 of the IRS code lets you sell your property and buy a new property and deferring the payment of taxes owed. You simply follow specific rules. A … more
• 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 … more

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