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1031 Exchanges
1031 Tax Deferred Exchanges
A 1031 tax-deferred exchange is often called the last remaining tax
shelter for real estate investment. It's an investment strategy
worth consideration by anyone who owns investment real estate and
one that must be addressed during closing.
At Trust Title, we have experience and insight into such
settlements. Anyone involved with advising real estate investors
including Realtors®, real estate attorneys, accountants, financial
planners, real estate settlement agents should know about
tax-deferred exchanging.
Quite simply, it is a method by which a property owner trades one
property for another without having to pay any federal income tax on
the transaction. Unlike in an ordinary sales transaction, in an
exchange the tax is deferred until some time in the future, usually
when the property is sold.
The application of Section 1031 of the Internal Revenue Code to a
particular transaction or property can only be determined after
careful study of a taxpayer's particular situation and an analysis
by your tax advisor, real estate attorney, real estate advisor and
intermediary.
When such a review suggests that a 1031 Exchange is advisable, be
sure to include knowledgeable professionals at the real estate
settlement table.
Have questions about 1031 Exchanges? Our National Support Center has representatives
available to help you. Call us at- 877.7TRUST0 (877.787.8780) M-F
8am to 7pm EST, or visit our
contact page
to submit your request online.
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...Unlike in an ordinary sales transaction, in an exchange the tax
is deferred until some time in the future, usually when the property
is sold.
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