A like-kind property exchange allows real estate investors to defer their capital gains taxes when they dispose of an investment property and purchase a similar one. In order to qualify for 1031 treatment, all properties involved must be used for investment or business purposes. Personal residences or properties held primarily for resale do not meet the requirements for 1031 exchange.
The 1031 exchange process is time-sensitive, with specific deadlines to follow. You have just 45 days to identify your replacement property and 180 days to finalize the exchange after selling your relinquished property. Given the complexity of the rules, it’s essential to work with a qualified intermediary who can help you navigate the entire process.
Your Trusted Boston 1031 Exchange Partner
At CPEC1031, LLC, we specialize in offering expert 1031 exchange services across Massachusetts, including Boston, MA. Our dedicated team helps real estate investors minimize their tax liabilities by facilitating smooth exchanges that maximize returns.
We proudly serve Boston and its neighboring communities, including Cambridge, Brookline, Quincy, and Somerville, providing tailored services to meet each client's unique needs.
Reinvest and Defer Taxes with a 1031 Exchange in Boston, MA
Perhaps the greatest benefit of a 1031 exchange is the ability to reinvest your capital gains into new real estate without having to pay taxes on the gains immediately. Instead of handing over a portion of your proceeds to the IRS, you can keep your funds working for you by putting them toward the purchase of a replacement property.
A 1031 exchange also offers an opportunity to diversify your portfolio, even across geographic areas. For example, you could sell a rental property in Worcester and use the proceeds to acquire a multifamily building in Boston, all while deferring your tax obligation.
Start Your 1031 Exchange in Boston, MA
If you're planning to sell investment property in Boston but want to avoid a large tax bill, a 1031 exchange may be the perfect solution. By deferring capital gains taxes, you can preserve more of your investment capital, allowing you to grow your real estate portfolio more efficiently and strategically.
Reach out to the professionals at CPEC1031, LLC today to learn how a Boston-based 1031 exchange can help you achieve your investment goals while deferring taxes and maximizing long-term wealth.
Get the Help You Need with Your Next Boston 1031 Exchange
Get the help you need with your next 1031 exchange by reaching out to the qualified intermediaries at CPEC1031, LLC. Our 1031 exchange professionals are standing by to help you through all the unique details of your like-kind exchange. We have more than two decades of experience in the 1031 exchange industry and have facilitated countless transactions across the United States. Regardless of where your property is located, we have the skills and experience to guide you through your exchange. Contact us today to learn more about our services and how we can help you defer your taxes with a 1031 exchange.