Valuable tax deferral strategy guidance

A properly structured 1031 exchange allows an investor to sell a property, to reinvest the proceeds in a new property and to defer all capital gain taxes. IRC Section 1031 (a)(1) states:

“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 solely for real property of like-kind which is to be held either for productive use in a trade or business or for investment.”

At Title Resources, we work with your tax professional to help determine what property tax is exchangeable, provide guidance on the do’s and don’ts of deferred exchanges and explain the rules of deferred exchanges, related parties and deferred exchanges, tax consequences of deferred exchanges and access to exchange resources including qualified intermediary.

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Meet Our Experts

Reed’s practice is in the area of real estate and agriculture-focused seminars in the area of succession planning and real estate-related topics.

Reed Glawe

Attorney/Licensed Title Agent