1031 Exchange
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The 1031 Exchange is quite possibly the most powerful investment tool available to property owners. By selling appreciated business or investment property outright you could pay from 15% to 50% in tax on the sale. A 1031 Exchange allows you to defer the tax and increase your purchasing power by keeping your equity intact. Title Financial Exchange Services, as qualified intermediary, facilitates the entire process for you. We will assist you in meeting the requirements of Section 1031 to structure an exchange tailored to your specific situation. Our extensive experience, financial security and personalized service will provide you with a seamless 1031 exchange transaction. Contact us to discover how we can exceed your expectations. What is an Exchange?
A tax deferred exchange is a method by which a taxpayer trades property, held for investment or business purposes, for replacement property resulting in a deferral of tax on the transaction. Whenever you sell business or investment property and you have a gain, you generally have to pay tax on that gain. This capital gains tax varies depending upon your particular situation.
1031 Exchanges are often referred to as “tax free exchanges” as the transaction itself is not taxed. Section 1031 of the Internal Revenue Code provides an exemption from current recognition of realized gain, providing that the requirements of the IRC are carefully met. Using our service will allow you to use more of your equity to acquire the property you desire by deferring capital gains tax. |
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