Section 1031 of the Internal Revenue Code provides that no gain or loss shall be recognized on the exchange of real property held for productive use in a trade or business or for investment if such real property is exchanged for real property of like-kind to be used either for productive use in a trade or business or for investment.
Simply put, an exchange is the sale of a business use or investment property followed by the acquisition of another linked together by paperwork and completed within the set time periods. They have been part of the tax code since 1921 and are based on the continuity of investment, encourage reinvestment and are good for the economy.
Your local 1031 CORP. Exchange Team is based in Bend, Oregon. This team of exchange experts are ready to answer your questions, guide you through the process, and facilitate your exchange.
"My entire experience with 1031 CORP. was outstanding. The response to my many questions, phone calls and emails was kind and immediate. There was always someone who would answer the phone. The team was very professional, competent and genuinely nice. Thank you for a seamless transaction."
-- T. S., Terrebonne, OR
"I wouldn’t use any other company for this importanttask. We’ve had three separate experiences with 1031 CORP. Always Stellar and will be using them again."
-- B. L., Bend, OR
"I had an excellent experience. All went very smooth. Could not have been better. Thanks to all at 1031 CORP."
-- M. R., Cove, OR
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