A 1031 exchange represents a simple, strategic method for selling one qualifying property and the subsequent acquisition of another qualifying property within a 45-day period. Because the entire 1031 exchange transaction is treated as an exchange and not a simple sale, the taxpayer is able to qualify for a deferred gain treatment.
Because the 1031 exchange is treated as an exchange and not a sale, it is not necessary to pay capital gains tax, which is currently 15%, but maybe as high as 20% in the future. Additionally, you will save on federal and state taxes.
We offer the expertise needed to help you smoothly execute your 1031 exchange. With tight timelines and strict rules to follow, you need a partner who provides you with the most investment property options and who can assure flawless execution.