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1031 Exchange Explained


1031 Exchange Explained

Internal Revenue Code relates to the disposition of commercial real estate that is held for investment purposes or used in productive business. If performed properly, internal revenue code provides an exception to the rule requiring the payment of capital gains tax upon the sale or exchange of commercial real estate. The theory behind internal revenue code is to allow the real estate owner to reinvest the sale proceeds into another commercial real estate, foregoing any economic gains that may have been realized from the sale. If you have recently sold, or are thinking of selling investment commercial real estate, we can assist in matching you with a qualified 1031 expert. A 1031 expert can help you explore your 1031 exchange options. Contact us today for a free consultation.




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