1031 Like–Kind Exchangess

A 1031 exchange is an IRS approved process where like–kind business or investment property is exchanged and the tax gains from the transactions are deferred. While the 1031 exchange is most commonly used for real estate, other types of business property (like airplanes, office equipment, cars, trademarks, software) may also qualify. We assist clients with determining the tax effects of potential sales and if a 1031 exchange may help reduce the immediate tax consequence and allow more of the sale proceeds to be reinvested.



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