1031 Tax Deferred Exchanges are one of the MOST powerful property investment strategies available!
With the advent of the final regulations concerning IRC Section1031 Tax Deferred Exchanges it is now acknowledged that 1031 is one of the last legitimate tax shelters available to a wide range of taxpayers. The immense benefits of such an exchange must be considered by all real estate investors and knowledgeable taxpayers alike.
What is a 1031 Tax Deferred Exchange?
The concept of the exchange is a non-simultaneous transaction. In other words, a sale of property with a reinvestment or acquisition of other property at a later time.
What makes a 1031 Exchange valuable?
When you sell property, you are required to pay taxes on the gain. The Internal Revenue Code Section 1031 allows you to defer the payment of tax and provides you with more funds for reinvestment.
What kind of property is eligible?
The real property given up and the real property received must be held for productive business use, rental, or investment purposes. Properties held for primary residence do not apply.
Please select from the links to the left for basic information on 1031 Exchanges.
Defer capital gains taxes and bolster your investments with a 1031 exchange. Start now.