Since 1921, tax-deferred or “1031” exchanges
have evolved from a simple but restrictive two-party swap to today’s
highly strategic and sophisticated exchanges. Now possible for taxpayers
large or small, 1031 exchanges can only be facilitated with the guidance
and specialized services of a Qualified Intermediary, like LandAmerica
American Title 1031 Exchange Services.
According to Section 1031 of the tax code, if a taxpayer
adheres to strict code guidelines, then all or a portion of the gains from
the disposition of business or investment property can be deferred or reinvested
into a new replacement property. These deferred gains, as well as the gains
from the new property, are not taxed until the new property is transferred
and fails to qualify for tax deferral.
To qualify for tax deferment, the taxpayer must structure
the transaction as an exchange of one property for another of "like
kind".
Although the details and guidelines surrounding most 1031
Exchanges can be complex, LandAmerica American Title 1031 Exchange Services
is here to make it easy! Contact us today
to find out which exchange is the most appropriate for you.
Although the details and guidelines surrounding most
1031 Exchanges can be complex, LandAmerica American Title 1031 Exchange
Services is here to make it easy! Contact
us today!
Learn more about 1031 Exchanges in deferral of taxes:
 Reasons
to Exchange
Exchange
Types
FAQs
Overview
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