|
1031 Tax Deferred Exchanges
If You're Selling an Investment Property
If you have an Investment Property you wish to sell, you may want to consider exercising a "1031 Tax-deferred Exchange". This allows an investor such as yourself, to defer Capital Gains Taxes and use the increased equity to purchase a larger property or properties.
Some of the reasons investors might exchange rather than sell:
Allows Investors to defer capital gains tax and use the increased equity to purchase a larger property or properties.
Investors may be spending more time than they like maintaining properties. They can exchange several properties into one in order to relieve the burden.
Investors may want to diversify and exchange a property into another city or state.
An Investor may want to exchange out of one property that has a lot of equity for several smaller properties. If down the road, the Investor wants to sell off some of the smaller properties, the tax burden would be significantly less.
Take advantage of increased growth and appreciation in a specific area.
Please refer to our 1031 Tax-deferred Exchanges Handbook for complete details; including worksheets and flowcharts.
The information set forth herein is intended as an overview of IRC 1031 tax-deferred exchanges and should not be construed as legal, financial, or tax advice. Every Investor should consult his or her own counsel regarding the use of a 1031 exchange. Aiello & Associates assumes no liability for the information contained herein.
|