1031 Exchange Explained
1031 Exchange Explained
IRC Section 1031 provides that no gain or loss will be recognized on the exchange of any type of business use or investment
investment property for any other business use or investment investment property. This means that a
1031 exchange is a rollover of equity of like investment properties, rather than an avoidance of tax and allows for the transaction to take place with full tax benefits attached. More importantly, completing a
1031 exchange with a
tenants in common interest ownership in an
investment property allows property owners not only to defer their capital gains taxes,
but also to upgrade their
investment property investment into larger, institutional-grade investment properties.
If you recently sold an investment
investment property or you’re considering selling,
we can match you with a
TIC advisor that can help you explore your
1031 exchange options. Contact us today for a free consultation.