1031 Exchange Explained

1031 Exchange Explained

Internal Revenue Code relates to the disposition of investment property that is held for investment purposes or used in productive business. If performed properly, internal revenue code provides an exception to the rule requiring the payment of capital gains tax upon the sale or exchange of investment property. The theory behind internal revenue code is to allow the property owner to reinvest the sale proceeds into another investment property, foregoing any economic gains that may have been realized from the sale. If you have recently sold, or are thinking of selling investment investment property, we can assist in matching you with a qualified 1031 like broker. A 1031 like broker can help you explore your 1031 exchange options. Contact us today for a free consultation.

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