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1031 Real Estate Exchanges

Section 1031 of the Internal Revenue Code is one of the last great tax shelters available to investors today. When investment real estate is sold, the seller is responsible for paying capital gains taxes. In some cases, capital gains can be as high as 25 percent. By performing a 1031 exchange, investors can defer payment of these taxes. All real estate can be exchanged as long as it is held for investment or for productive use in a trade or business. Because exchange regulations are so complex, investors are required to use a Qualified Intermediary to facilitate these transactions. Contact our office to discuss whether your transaction is eligible.