
IRS 1031 Tax Exchange
Learn about the benefits of a tax deferred exchange.Internal Revenue Code 1031:
"No gain or loss shall be recognized on the exchange of property held for productive use in a trade or business or for investment if such property is exchanged solely for property of like-kind which is to be held either for productive use in a trade or business or for investment."
1031 exchanges provide investors with one of the best tax strategies for preserving the value of an investment portfolio. By using an exchange the investor is able to defer the recognition of capital gain taxes that would otherwise be incurred on the sale of investment property.
The investor can then use the entire amount of the equity to purchase substantially more replacement property. To qualify as an exchange the relinquished and replacement properties must be qualified "like-kind" properties and the transaction must be structured as an exchange.
I can assist you in deciding if a 1031 exchange can work for you, and I have many years of experience in choosing the right facilitators and the right properties. Contact me for more info.
Here is a list of 1031 Exchange Experts:
IPX 1031 Exchange, Inc. 1-888-771-1031
Starker Services, Inc. 1-800-332-1031
TIMCOR Exchange Corp. 1-800-966-1031
Bayview Financial Exchange Services 1-866-903-1031
Investment Exchange Group 1-800-908-1031, 1-303-331-1031