1031 Tax Exchange
If you are an Investor or Land owner you may qualify for this tax deferral investment option. In general on a 1031 no gain or loss shall be recognized on the exchange of property held for productive use in a trade or business or for investment if such property is exchanged solely for property of like-kind which is to be held either for productive use or in a trade or business or for investment.
"Like-Kind"have reference to the nature or character of the property and not to its grade or quality. The fact that any real estate involved is improved or unimproved is not material. Unproductive real estate held by one other than a dealer for future use or future realization of the increment in value is held for investment and not primarily for sale.
The fact is real estate which can be exchanged under IRC Section 1031 is"like-kind", is extremely broad and is supported by numerous Revenue Rulings and Private Letter Rulings that have addressed this subject.
By utilizing the 1031 you will be able to increase your:
- Leverage
- Diversification
- Consolidation
- Cash Flow
- Management Relief
- Increase Depreciation
To find out more information click the link below or e-mail me .
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