Section 1031 of the Internal Revenue Code provides a way for you to sell certain property and replace it with new property of a like kind without paying taxes otherwise due on the sale. These transactions (alternately referred to as Tax-deferred Exchanges, 1031 Exchanges, or Like-Kind Exchanges) offer a powerful tool to upgrade, consolidate, diversify, or simply relocate investment or business assets.
These exchanges are complex. One property or many, deferred or reverse, each circumstance is unique, and none is simple. Let Banker Exchange learn about your situation and help you get maximum advantage with minimum headache.
“You make things easy for me.” That’s the most common remark we get from our client after we help them with their exchange. We’ll make it easy for you, too.