1031 Exchange
If you are a real-estate investor, you will probably be aware of how the 1031 exchange works. If you are not familiar, conceptually, it is pretty straightforward. Instead of recognizing gains on a sold property, you are able to defer the tax if you roll your profit from a sale into another piece of real estate. Simple enough right?
Well the tax reporting of 1031 exchanges can be convoluted, and you should work with someone qualified to make sure you don’t get the pesky governmental agencies on your back. If you are exploring a 1031 exchange for your investments, please contact us for more information. We have qualified affiliate partners that specialize in handling the transactions. We will take the headache of the tax reporting off your hands.