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 replacement properties to complete the transaction
- Reverse 1031 Exchanges
Related Practices
- Commercial Property Leasing
- Condominium Formation and Conversions
- Environmental Law for Real Estate
- Land Use and Zoning
- Real Estate Financing
- Real Estate Project Development
- Real Property Sales and Acquisitions
- Real Property Taxation, Reassessments, Incentives and Abatements
- Real Property, Development, Construction and Financing
- Regulation and Compliance
- Restructuring, Workouts and Short Sales