What's An Exchange?
"What Is A 1031 Tax-Exchange?"
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Simply put, a 1031 exchange is a tool that allows U.S. taxpayers to defer ALL of the capital-gains tax from the sale of an investment or business-property, such as:
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Aircraft
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Artwork
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Breeding Stock
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Collector Cars
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Construction Equipment
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Drilling Rigs (heavy equipment)
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Farm Machinery
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Real Estate
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Personal Property (used in a trade or business)
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Telecommunications Equipment
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etc.
...provided the proceeds are reinvested into the purchase of another "like kind" business or investment property, of equal or greater value.
This is important because when used properly, a 1031 exchange can save you a lot of money!
1031 Tip: To be sure that you're eligible to receive maximum tax savings - set up your tax exchange early - and prior to the transfer of your old property.Failure to set up your exchange BEFORE the closing will result in your transaction treated as a sale (rather than an exchange) that you will have to pay taxes on.
Typically, your exchange documentation must be prepared by a Qualified Intermediary (or Q.I.) before you transfer your property.
Nation Wide Tax-Exchange Services:
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Call Me Directly (Toll Free) At 1-888-308-1031 For A Free Consultation - Or Click Here
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