1031 Exchanges Open Opportunities for Investors
For over 90 years, astute taxpayers have taken advantage of a tax strategy referred to as a 1031 exchange. Section 1031 of the Internal Revenue Code allows the deferral of gain on the sale and purchase of property held for use in a trade or business or for investment. Most taxpayers that take advantage of 1031 exchanges have one objective: avoiding the tax now. Unfortunately, many do not realize the many other short and long term benefits of an exchange.
Learn how you can benefit from a 1031 exchange.
Benefits of a 1031
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1031 CORP. Advantage Serving as a nationwide qualified intermediary for 1031 tax-deferred exchanges since 1991, 1031 CORP. strives to provide a superior exchange experience for our customers and their advisors. We provide our customers with enhanced security of funds, knowledgeable exchange professionals and commitment to keep the exchange process simple for our customers and their advisors.
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1031 Exchanges Are Not Just for Real Estate
When most people think of 1031 exchanges, they only think of real estate exchanges. While a large number of tax-deferred exchanges are of real estate, it is also possible to exchange tangible and intangible assets held for business use or investment. 1031 exchanges involving personal property can include equipment, aircraft, gold, paintings, livestock, radio or television station assets and/or broadcast rights, delivery routes, franchises, furniture and fixtures, mineral, gas or timber rights, etc. While most of the regulations are the same in real estate or personal property exchanges, the main difference is the definition of like-kind property.
Read more about personal property exchanges.
Reverse Exchanges Make the Impossible, Possible
Most taxpayers now know about the benefits of tax-deferred 1031 exchanges allowed under section 1031 of the Internal Revenue Code but many don’t know about reverse exchanges. A reverse 1031 exchange is a strategy used when an investor intends to acquire the replacement property prior to conveying title of the relinquished property to a buyer.
Reverse exchanges truly help make the impossible, possible.
Learn how to preserve your ability to do a 1031 exchange.
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