Practices

1031 Like-Kind Exchanges

1031 Like-Kind Exchanges

The Internal Revenue Code allows the exchange of one property for another without triggering a capital gains tax liability if the properties are of “like kind.” We work with you on all aspects of the 1031 Exchanges and the process for conducting an exchange.

We have proven expertise in matters such as:

  • Limitations on the time allowed for completing the transaction
  • Avoidance of capital gains tax in a property exchange
  • Limitations on who can hold the funds realized by the sale of the first property
  • Documenting the intent to complete the transaction in a 1031 Exchange
  • Requirements by the IRS
  • Finding a second property to complete the transaction.