Use a 1031 Exchange to Defer your Capital Gains Taxes So Your Investments Can Grow Faster Defer capital gains taxes when you sell your property then reinvest in “like-kind” property using a 1031 exchange. And the best is that you can even buy invest on multiple properties.
Four Types of 1031 Exchanges
The original: Simultaneous exchange. One property is sold and the next is bought at the exact same time.
Most common: Delayed exchange. One property is sold and the replacement property is bought within 180 days.
Improvement exchange is structured to use some of your capital to improve the property, build a road, for example.
Most unusual: Reverse exchange. As the name implies, replacement property is bought before the initial property is sold.
“At first it seemed overwhelming, but… I learned …I could sell the [property] and … make my retirement better… [It] has been a blessing.”
Mary, retiree
Successfully Using A 1031 Exchange
Seek advice early in the planning stage from an experienced 1031 exchange facilitator. Our experienced facilitators can give you valuable suggestions on how to structure your transaction so that it qualifies as a 1031 exchange and meets your investment objectives. Avoid using inexperienced individuals who merely fill out forms and file them.
We partner with several 1031 Exchange Solution companies which have facilitated tens of thousands of 1031 exchanges. Our facilitators are some of the most experienced in the industry and are experts on this section of the tax code. This means you’ll know how an exchange will apply to your situation, including the “silent” areas of the tax code. Your CPA and attorney are welcome to contact your Exchange Solutions intermediary. While they are likely familiar with 1031 exchanges, they will probably have questions about specific elements of your transaction. Our experience and knowledge are available free of charge.
Contact us today to see if your transaction qualifies for capital gains tax deferral and discover how much tax you can defer.