1031 Exchange
A 1031 exchange, otherwise known as a tax deferred exchange, is a method of buying and selling real estate in order to avoid certain federal taxes on gains. Under this highly technical method, any gain realized from the sale of real estate must be put into the purchase of a different, "like kind" property. The 1031 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 and can answer any questions you may have about this complicated process.
For assistance with your case, click here to find 1031 Exchange Attorneys near you or find an attorney in a different state.
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Frequently Asked Questions
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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 -
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.
