Did you know you can sell investment properties and acquire “like-kind” properties while deferring federal, and possibly state, capital gains taxes? We can help!
If you’re planning on selling an investment property, you may face a capital gain that could be subject to federal and state taxes. Under Section 1031 of the Internal Revenue Code you are allowed to sell investment properties and acquire “like-kind” properties while deferring federal, and possibly state, capital gains taxes.
In order to complete a tax-deferred exchange, a third-party qualified intermediary must hold funds between the sale of the relinquished property and the purchase of replacement property. That’s where we can help. Reach out today to discuss your unique situation and how we might be able to assist.