1031 Exchange (Like-Kind Exchange)
Buying and selling real estate property is a wise investment, so long as you can keep your money and put it to work for you. 1031 exchanges are a strategic choice for deferring taxes and maximizing real estate investments.
Our streamlined process, guidance from experienced professionals, and security measures to protect your financial interests will help you avoid capital gains taxes, preserve equity, ensure compliance, and save tax dollars.
Understanding 1031 Exchanges
Under Section 1031 of the IRS tax code, if you are a business owner who owns the property, you can sell it and reinvest the proceeds into a replacement property, deferring capital gains taxes and avoiding depreciation recapture.
You can even defer taxes indefinitely through successive delayed exchanges.
Eligibility Requirements for a 1031 Exchange
Unlike with a typical real estate sale, you can defer capital gains tax payments when you sell an investment property and acquire one of “like-kind” – so long as the property is also used for your business or investment purposes, the exchange is completed within a 180-day timeline, and it meets IRS regulations.
We guide you through the process of complex transactions to avoid paying thousands of dollars to the IRS.
Role of a Qualified Intermediary in 1031 Exchanges
A qualified intermediary like 1031 Exchanges Guys is generally required to complete the transaction – whether it is a simultaneous, deferred, reverse, or improvement exchange. With us, you’ll get:
Service in all 50 states from experienced 1031 exchange experts.
All of the appropriate documents for the escrow or title company, are to be signed at the closing of your relinquished property.
A unique, FDIC-insured individual account is used for each transaction.
Coordination with your title company and transfer of funds on the close of your replacement property.
Release of exchange funds to a legitimate real estate closing, with the exchanger’s signed release.
Contact us for a free consultation before closing on your relinquished property, to ensure that you do the right type of exchange for your situation.
Customer Service Like No Other
When you call 1031 Exchanges Guys, you will get a live person on the line at any time, day or night. We respond to all emailed questions in less than 24 hours. Customer service is the number one reason that investors choose to work with 1031 Exchanges Guys.
Thousands of happy customers
