1031 Property Exchanges
A 1031 property exchange allows individuals the opportunity to buy and sell property while deferring capital gains tax consequences. After a 1031 property exchange has been successfully completed, an investor can reinvest 100 percent of the equity from the original property towards the purchase of a preferred replacement property — without paying taxes on capital gains. The IRS hates this.
There is no regulation of the asset-less corporations set up to hold your money while you find and acquire your target replacement property. Their contracts and paperwork are designed to protect them, not you. Let us make your exchange safe and worry free.
Representing Investors in 1031 Property Exchanges
The lawyers of Sack Rosendin Inc., have been helping clients with 1031 property exchanges for decades. Our team can help you with the following:
- 1031 real estate exchanges
- 1031 exchanges for other types of property
- Reverse exchanges
- Other real estate law matters
Our attorneys assist investors in completing 1031 property exchanges. The IRS has made the process quite complex, discouraging many from taking advantage of all that this transaction offers. The tax savings are worth the trouble and complexity. It is important that your attorney fully understands section 1031 of the IRS code and applicable case law. To find out more, contact our law office in Oakland today.